2024 Mileage Updates

Mileage rates for travel are now set for 2024. The standard business mileage rate increases by 1.5 cents to 67 cents per mile. The medical and moving mileage rates are now 21 cents per mile. Charitable mileage rates remain unchanged at 14 cents per mile.

2023 Mileage Rates:

Tax Taxes Bookkeeping Payrol Bookkeeper California Finance Accounting IRS Due Date Deadline Tax Return Refund Reconcile Gold Standard Tax Bank Banking Banks Tax Law Itemize Writeoff Write Off

2024 Mileage Rates:

Tax Taxes Bookkeeping Payrol Bookkeeper California Finance Accounting IRS Due Date Deadline Tax Return Refund Reconcile Gold Standard Tax Bank Banking Banks Tax Law Itemize Writeoff Write Off

Notes

These rates apply to gas, electric, hybrid-electric and diesel-powered vehicles.
You cannot claim mileage as an itemized deduction as an employee that is not reimbursed for travel expense.
Federal mileage deduction for moving expenses is not allowed unless you are an active member of the Armed Forces and are ordered to move to a new permanent duty station.

Remember to properly document your mileage to receive full credit for your miles driven.

If you want to know more about how to make sure you get the full credit for business mileage, click here to schedule an appointment with one of Gold Standard's seasoned tax accountants.

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