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Irs Personal Mileage Rate 2024

Irs Personal Mileage Rate 2024. On december 14, 2023, the internal revenue service (irs) issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile. 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.


Irs Personal Mileage Rate 2024

The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. 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.

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