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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.
To compute reimbursement, multiply business miles driven by the IRS standard mileage rate. For example, if you drove 1,000 miles for business in 2024, the reimbursement would be 1,000 miles x 67 cents = $670. Choosing the right method and accurately tracking your expenses and mileage can significantly impact your business's financial health.
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.
Air Miles Calculator helps you calculate how many miles it is from one airport to another and provides a map, estimated flight time, time difference between cities, and estimated CO2 emissions. Calculate Flight Distance
If you use the standard mileage rate method, multiply the number of business miles you drove by the standard mileage rate. The standard mileage rate for 2023 is $0.655 per mile. In addition to your standard mileage deduction, you can also deduct the cost of parking fees and tolls you pay for business.
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.
For the 2022 tax year (taxes filed in 2023), the IRS standard mileage rates are: 65.5 cents per mile for business. 14 cents per mile for charity. 22 cents per mile for medical purposes or moving purposes for qualified active-duty members of the armed forces.
