WebThe Internal Revenue Service (IRS) has updated the optional standard mileage rate in 2024 to 65.5 cents per mile for business travel, an increase of 7 cents from 58.5 cents per mile set for the first six months of 2024 and 3 cents higher than the 62.5 cents per mile that was set by the IRS for the last six months of 2024. Web2 days ago · Deadline for filing income tax returns that have received extensions. If you request an extension, you'll have until October 16 to file your return. Importantly, that …

Standard Mileage Rate Tax Deduction Overview - Investopedia

WebDec 17, 2024 · The IRS annually publishes three standard rates used to calculate deductions for mileage driven for business, medical/moving, and charitable purposes The rates for 2024 are 58.5 cents/mile... WebJan 23, 2024 · POV Mileage PER DIEM LOOK-UP 1 Choose a location State City (optional) OR ZIP Rates for Alaska, Hawaii, U.S. Territories and Possessions are set by the Department of Defense . Rates for foreign countries are set by the State Department . 2 Choose a date Select Fiscal Year OR Travel start date (mm/dd/yyyy) Travel end date … red scaly patches around mouth

New IRS Standard Mileage Rates in 2024 - MileageWise

WebIRS -1.82% The release of the 2024 standard mileage rate from the IRS reveals the rate is going up. The new standard mileage rate for 2024 is 65.5 cents per mile. That is a 0.3-cent... WebJan 5, 2024 · For 2024, the business standard mileage rate is 65.5 cents per mile (a 3-cent increase from the 62.5-cent rate that applied during the second half of 2024—see our Checkpoint article). The rate when an … WebJan 28, 2024 · The standard IRS mileage rates for the first six months of 2024 were 58.5 cents per mile for business, 18 cents for medical and moving, and 14 cents per mile for … red scaly patches on hands