Mileage Depreciation Rate 2024. What is the federal mileage reimbursement rate for 2024? For automobiles a taxpayer uses for business purposes, the portion of the business standard mileage rate treated as depreciation is 27 cents per mile for 2020,.
How to use the standard mileage rate. 22 cents per mile for medical and moving purposes.
The Portion Of The Business Standard Mileage Rate Considered As Depreciation Is 30 Cents Per Mile In 2024.
67 cents per mile for business travel.
The 2024 Standard Mileage Rate Is 67 Cents Per Mile, Up From 65.5 Cents Per Mile Last Year.
For the 2023 tax years (taxes filed in 2024), the irs standard mileage rates are:
The 2024 Medical Or Moving Rate Is 21 Cents Per Mile, Down From 22 Cents Per Mile Last.
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This rate reflects the average car.
21 Cents Per Mile For Medical Or Moving Purposes
14 announced that the business standard mileage rate per mile is.