WebJan 3, 2024 · The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup, or panel truck will be 58.5 cents (up from 56 cents for 2024). The increased tax deduction partly reflects the price of gasoline. WebDec 30, 2024 · The IRS has announced that the federal mileage rates for 2024 are changing from July 1st, 2024. The new mileage rates will be: 62.5 cents per mile for business purposes, up 4 cents from the first half of the year 22 cents per mile for medical and moving purposes, up 4 cents from the first half of 2024 14 cents per mile for charity …
POV Mileage Rates (Archived) GSA
WebDec 17, 2024 · The new IRS mileage rates apply to travel starting on January 1, 2024. 58.5 cents per mile for business purposes. 18 cents per mile for medical or moving purposes. … WebAug 3, 2024 · August 13, 2024. WASHINGTON — Today, the U.S. General Services Administration (GSA) released the fiscal year (FY) 2024 travel per diem rates for the … st thomas aquinas theory of law
IRS Raises Standard Mileage Rate for July to December 2024
WebJul 1, 2024 · Friday, July 1, 2024. The General Services Administration has announced a change in the reimbursement mileage rate for privately owned automobiles from $0.585 per mile to $0.625 per mile. This new rate is effective July 1, 2024, and applies to all travel performed on or after that date. The complete schedule of fees is available on the Court ... WebDec 17, 2024 · Notice 2024-03, in which the IRS announced the update on Friday, also provides the standard mileage rate for use of an automobile for purposes of obtaining medical care under Sec. 213, which will be 18 cents per mile, up 2 cents from 2024. The rate for providing services to a charitable organization remains the same, set by statute … WebDec 17, 2024 · Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents per mile driven for business … st thomas aquinas wichita bulletin