Search results
This notice provides the 2012 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
- Standard Mileage Rates
The standard mileage rates for 2023 are: Self-employed and...
- Standard Mileage Rates
Visit the IRS web site for additional information. Click to view current & historical IRS Mileage Reimbursement Rates for the years 2000 thru 2019. Be careful: Google often displays outdated/inaccurate info!
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.
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle.
16 lut 2024 · The Internal Revenue Service (IRS) provides standard mileage rates as optional methods for taxpayers to. substantiate their transportation expenses. This Insight reviews how the standard mileage rates are set, who uses them, and a history of the rates.
April 7, 2024. Standard mileage rates are used by businesses and self-employed to calculate tax-free reimbursements and tax deductions. They ensure fair compensation for using personal vehicles for work-related purposes.
The IRS has issued guidance (Notice 2012-1) providing the 2012 standard mileage rates for taxpayers to use in determining the deductible costs of operating a car for
