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2024 Federal Mileage Rate

2024 Federal Mileage Rate. Irs mileage rates for 2023. The increase began on january 1 and raised the rate from.


2024 Federal Mileage Rate

This represents a 1.5 cent. 65.5 cents per mile for business.

This Represents A 1.5 Cent.

On december 14, 2023, the internal revenue service (irs) announced the 2024 standard mileage rate.

In 2023, The Irs Rate For The Mileage Tax Deduction Was 65.5 Cents Per Mile.

65.5 cents per mile for business.

The 2024 Standard Mileage Rate Is 67 Cents Per Mile, Up From 65.5 Cents Per Mile Last Year.

Images References :

Irs Mileage Rates For 2023.

The irs has announced the standard mileage rate for 2024:

This Rate Reflects The Average Car Operating Cost, Including Gas, Maintenance, And Depreciation.

The standard mileage rates for 2023 are:

The Federal Reserve (Fed) Announced At Its March 2024 Meeting That It Would Maintain The Overnight Federal Funds Rate At The Current Range Of 5.25% To 5.5%.