WebSep 13, 2024 · 58.5 cents per mile for business driving from Jan. 1 to June 30 62.5 cents per mile for business driving from July 1 to Dec. 31 18 cents per mile for driving for medical or moving reasons from Jan. 1 to June 30 22 cents per mile for mileage used for medical or moving reasons from July 1 to Dec. 31 WebDec 22, 2024 · Beginning on January 1, 2024, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 56 cents per mile for business miles driven (down from …
What to know about the EPA
WebNov 10, 2024 · Every year, the IRS announces a new mileage rate. That number is generally somewhere between 30 cents and 60 cents. And it has considerable impact on many companies’ vehicle programs. But that number isn’t just selected at random. So what is the IRS mileage rate? What kinds of factors effect the way the rate changes? WebJan 3, 2024 · The standard IRS mileage rates for the first six months of 2024 were 58.5 cents per mile for business, 18 cents for medical and moving, and 14 cents per mile for … eastern pa bed and breakfast
IRS Mileage Rates: Deduct Miles You Drive for Work on Your Taxes
WebMar 20, 2024 · For the 2024 tax year, the IRS approved the following standard mileage rates: Business: 58.5 cents per mile from Jan. 1, 2024-June 30, 2024 and 62.5 cents per mile … WebMar 20, 2024 · For the 2024 tax year, the IRS approved the following standard mileage rates: Business: 58.5 cents per mile from Jan. 1, 2024-June 30, 2024 and 62.5 cents per mile from July 1, 2024 – Dec.... WebFeb 15, 2024 · Take the standard IRS mileage deduction. For the first half of 2024 the rate is 58.5 cents per mile and increases to 62.5 cents per mile for the last half of 2024. ... Payments for other activities, such as referrals or non-driving-related bonuses, are reported on Form 1099-NEC (1099-MISC in prior years). This money is income to report on ... cuisinart coffee maker dcc-3850tg