Search results
Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
- Serve Your Clients
Standard mileage and other information POPULAR; Earned...
- Enrolled Actuaries
Standard mileage and other information POPULAR; Earned...
- Serve Your Clients
You can use this mileage reimbursement calculator to determine the deductible costs associated with running a vehicle for medical, charitable, business, or moving. You can calculate mileage reimbursement in three simple steps: Select your tax year. Input the number of miles driven for business, charitable, medical, and/or moving purposes.
14 lip 2024 · California business mileage rate 2024. The standard mileage rate provided by the Internal Revenue Service is a fixed per-mile amount that businesses and self-employed people can use to get tax deductions or provide tax-free mileage reimbursements.
14 gru 2023 · IR-2023-239, Dec. 14, 2023 — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
California Mileage Rates for 2024. One of the more common reimbursement methods is using the current IRS mileage rate. The IRS has set the 2024 standard mileage rate for business miles at 67 cents per mile. Employers can choose to pay a higher or lower rate than the IRS standard.
Standard mileage rate. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. Car expenses and use of the standard mileage rate are explained in chapter 4. Depreciation limits on cars, trucks, and vans.
8 lip 2024 · The 2024 IRS standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents per mile for moving or medical.
