What Is The Mileage Rate For 2024 Taxes. 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 irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023.
5p per passenger per business mile for. The rate for business use of a vehicle (including cars, vans, pickups, and panel.
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