The IRS has announced the new standard mileage rates for 2024.
Beginning January 1, 2024, the standard mileage rate will increase to 67 cents per mile for business miles driven, up from 65.5 cents in 2023.
The 2024 mileage rate for medical or moving purposes for qualified active duty members of the Armed Forces decreased to 21 cents per mile, down from 22 cents in 2023.
The mileage rate for driving an automobile for charitable purposes in 2024 will remain unchanged at 14 cents per mile.
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