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Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 cents from 2023. 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023.
Page Last Reviewed or Updated: 12-Feb-2024. Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
This notice provides the optional 2024 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.
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.
State tax exemption. Travel charge card. Conferences and meetings. ... GSA has adjusted all POV mileage reimbursement rates effective January 1, 2024. Modes of transportation Effective/applicability date ... Standard mileage rates for moving purposes: January 1, 2024: $0.21 * Airplane nautical miles (NMs) should be converted into statute miles ...
At the end of last year, the Internal Revenue Service published the new mileage rates for 2024. New standard mileage rates are: 67 cents per mile for business purposes; 21 cents per mile for medical and military moving purposes; 14 cents per mile for charitable purposes; Newly adjusted mileage rates apply to most gasoline-powered vehicles ...
Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 cents from 2023. 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023.
Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 cents from 2023. 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023.
The new IRS mileage rates for 2024 are 67 cents per mile for business purposes (up from 65.5 cents per mile in 2023), 21 cents per mile for medical or moving purposes and 14 cents per mile for charitable purposes.
IRS Standard Mileage Rates, 2000-2024 Cents Per Mile Dates (Entire Year Unless Specified) Business Charity Medical and Moving IRS Reference 2024 67 14 21 N 2024-08 2023 65.5 14 22 N 2023-03 2022 July 1–Dec. 31 62.5 14 22 A 2022-13 Jan. 1–June 30 58.5 14 18 N 2022-03 ...