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2024 Irs Mileage Rate Medical Alert
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2024 Irs Mileage Rate Medical Alert. The rate is set by statute and remains unchanged from 2023. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.
In addition to the rate per mile driven for business use, the irs also announced the standard mileage rate for 2024 will be: The medical mileage rate set for 2024 is 21 cents per mile.
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.
At the end of last year, the internal revenue service published the new mileage rates for 2024.
According To The Irs, The Mileage Rate Is Set Yearly “Based On An Annual Study Of The Fixed And Variable Costs Of Operating An Automobile.” Here Are The Mileage Rates For The Year 2024:
Moving ( military only ):
Find Standard Mileage Rates To Calculate The Deduction For Using Your Car For Business, Charitable, Medical Or Moving Purposes.
Images References :
14 Cents Per Mile For Charitable Purposes.
The internal revenue service (irs) sets these rates annually based on recent trends.
The Standard Mileage Rate Is 21 Cents Per Mile For Use Of An Automobile:
In 2024, the mileage rate is 67, 14, and 21 cents/mile for business, charity, and medical or military moving, respectively.
The Medical Mileage Rate Set For 2024 Is 21 Cents Per Mile.