WebOptional Standard Mileage Rates . Announcement 2024-13 . This announcement informs taxpayers that the Internal Revenue Service is modifying Notice 2024-3, 2024-2 I.R.B. 308, by revising the optional standard mileage rates for computing the deductible costs of operating an automobile for business, Web21 dec. 2024 · Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2024, 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for ...

IRS issues standard mileage rates for 2024

Web20 jul. 2024 · The IRS mileage reimbursement rate is meant to cover not only gas, but also wear and tear expenses per mile. This is why rates seem high compared to the cost of … Web29 dec. 2024 · Beginning on January 1, 2024, 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 use, … top bank redlands cali

Mileage Reimbursement Rate Rises - ct

Web17 dec. 2024 · Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents per mile driven for business use, … Web17 dec. 2024 · For 2024, the business mileage rate is 58.5 cents per mile; medical and moving expenses driving is 18 cents per mile; and charitable driving is 14 cents per mile, … Web27 mei 2024 · 31 cents. Petrol Hybrid. 83 cents. 18 cents. Electric. 83 cents. 10 cents. These operational statements provide further information on the use of the kilometre rates: OS 19/04A: Commissioner's statement on using a kilometre rate for business running of a motor vehicle - deductions. top bank pompano beach fla