October 8, 2024

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2024 Mileage Deduction Rate

2024 Mileage Deduction Rate. 1, 2024, the standard mileage rates for the use of a car, van, pickup or panel truck will be:. The irs issued the standard mileage rates for 2024, which are used to calculate the deductible costs of operating a car for various purposes.


2024 Mileage Deduction Rate

For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.

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