These rates, known as applicable federal rates (afrs), are regularly. The new irs mileage rates for 2024 are 67 cents per mile for business purposes (up from 65.5 cents per mile in 2023), 21 cents per mile for medical or moving.
67 cents per mile for business purposes. Differentiating between these two classes of mileage properly is crucial, as the irs only allows employee reimbursement or tax deduction of business miles.
The 2024 Irs Mileage Rates Have Been Set At 67 Cents Per Mile To Accommodate The Economic Changes Over The Past Year.
67 cents per mile for business purposes.
The New Irs Mileage Rates For 2024 Are 67 Cents Per Mile For Business Purposes (Up From 65.5 Cents Per Mile In 2023), 21 Cents Per Mile For Medical Or Moving.
Differentiating between these two classes of mileage properly is crucial, as the irs only allows employee reimbursement or tax deduction of business miles.
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Each year, the irs sets a mileage reimbursement rate.
Irs Mileage Rates 2024 What Drivers Need To Know, 17 Rows The Standard Mileage Rates For 2023 Are: