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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.
The standard mileage rates for 2023 are: Self-employed and business: 65.5 cents/mile. Charities: 14 cents/mile. Medical: 22 cents/mile. Moving ( military only ): 22 cents/mile. Find out when you can deduct vehicle mileage.
6 lip 2024 · The IRS publishes standard mileage rates each year (and sometimes adjusts these rates during the year). The 2024 IRS mileage rate is as follows : 67 cents per mile driven for business use, up 1.5 cents from 2023.
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.
Here's a breakdown of the current IRS mileage reimbursement rates for California as of January 2024. Employees will receive 67 cents per mile driven for business use (1.5 cents from 2023.) Employees will receive 21 cents per mile driven for moving or medical purposes (decrease of 1 cent from 2023.)
30 sty 2024 · To use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. Then, in later years, you can choose to use the standard mileage rate or actual expenses.
17 lis 2022 · The IRS sets a standard mileage reimbursement rate of 58.5 cents per business mile driven in 2022. This rate is based on an annual study of the fixed and variable costs of operating a vehicle, like gas, insurance, depreciation, and standard maintenance.
