2024 Mileage Deduction

Doti Nannie2024 2024 Mileage Deduction

2024 Mileage Deduction

2024 Mileage Deduction. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025.


2024 Mileage Deduction

The standard mileage rates for 2023 are: The limit on deductible leasing costs will be increased to $1,050 from $950 per month, before tax, for new leases entered into on or after january 1, 2024.

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