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- $0.67 per mile
- Certain taxpayers can deduct mileage from vehicle use related to business, charity, medical or moving purposes
- To take the deduction, taxpayers must meet use requirements and may have to itemize on their returns if claiming certain types of mileage.
- For 2024, the IRS' standard mileage rates are $0.67 per mile for business, $0.21 per mile for medical or moving, and $0.14 per mile for charity.
www.nerdwallet.com/article/taxes/irs-standard-mileage-rate - People also ask
IRS issues standard mileage rates for 2024; mileage rate …
WEBDec 14, 2023 · The IRS provides the optional standard mileage rates for 2024 to calculate the deductible costs of operating an automobile for various purposes. The rate for business use is 67 cents per mile, up 1.5 cents from 2023.
See results only from irs.govStandard mileage rates - Int…
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Standard mileage rates - Internal Revenue Service
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See all 17 rows on www.irs.govPERIOD BUSINESS USE MEDICAL OR MILITARY MOVING SOURCE 2024 67 21 IR-2023-239 2023 65.5 22 IR-2022-234 7/1/2022-12/31/2022 62.5 22 IR-2022-124 1/1/2022-6/30/2022 58.5 18 IR-2021-251
Publication 463 (2023), Travel, Gift, and Car Expenses
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WEBJul 8, 2024 · Learn how to deduct vehicle mileage for business, charity, medical or moving purposes using the IRS standard mileage rates for 2024. Find out the rates, rules, exceptions and how to claim...
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WEBLearn the new standard mileage rates for business, medical, charitable, and moving purposes in 2024, and how to apply them for tax deductions or reimbursements. Find …
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IR-2022-234: IRS issues standard mileage rates for 2023; …
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2024 IRS Tax Rules for Vehicle Reimbursement: FAVR, Allowance.
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IRS releases 2023 standard mileage rates - Grant Thornton
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IRS issues standard mileage rates for 2023; business use …
WEBDec 29, 2022 · Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 65.5 cents per mile driven for business …
Topic no. 510, Business use of car | Internal Revenue Service
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IRS issues standard mileage rates for 2022
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