Standard Mileage Deduction 2024. Page last reviewed or updated: Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.
The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 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.
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