What is the IRS Mileage Rate for 2024 and 2025? Current Mileage Reimbursement
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Understanding the IRS mileage rate can be a benefit to many taxpayers. It's an important aspect of tax deductions, especially for those who use their vehicles for business, medical, or charitable purposes.
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2024 IRS Mileage Rates: Changes for Vehicle Deductions For 2024, the standard mileage rates for calculating deductible vehicle operation costs have changed. For business use, the rate has increased to 67 cents per mile, a slight bump of 1.5 cents from the previous year. For medical or moving purposes, the latter specifically for qualified active-duty military members, there's a decrease to 21 cents per mile, down by 1 cent. The charitable rate remains unchanged at 14 cents per mile — a figure do
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2024 IRS Mileage Rates: Changes for Vehicle Deductions For 2024, the standard mileage rates for calculating deductible vehicle operation costs have changed. For business use, the rate has increased to 67 cents per mile, a slight bump of 1.5 cents from the previous year. For medical or moving purposes, the latter specifically for qualified active-duty military members, there's a decrease to 21 cents per mile, down by 1 cent. The charitable rate remains unchanged at 14 cents per mile — a figure do
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IRS Raises Business Mileage Rate for 2025 — but Leaves 3 Other Rates the Same
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