What Is The Mileage Deduction For 2024. 17 rows find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes. However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use.
The 2024 irs mileage rates have been set at 67 cents per mile to accommodate the economic changes over the past year. The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last year.
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