In 2023, the irs set the standard mileage rates at 65.5 cents per mile for business, 14 cents per mile for charity, and 22 cents per mile for medical and moving. The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last.
The irs allows taxpayers to deduct mileage driven for charitable purposes as an itemized deduction on schedule a (form 1040). 67 cents per mile driven.
Under Current Irs Regulations, Nonprofits Can Reimburse Charitable Mileage At The Rate Of 14 Cents Per Mile.
The irs has released its 2024 standard mileage rates for taxpayers who use their vehicles for business, medical, charitable purposes, and certain moving expenses.
Volunteers Should Keep Records Of Their Expenses Or Mileage Reports For.
The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last.
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The 2024 Standard Mileage Rate Is 67 Cents Per Mile, Up From 65.5 Cents Per Mile Last Year.
The irs is raising the standard mileage rate by 1.5 cents per mile for 2024.
The Internal Revenue Service Recently Announced Standard Mileage Rates For 2024.