2024 Standard Mileage Rates

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The IRS has released the standard mileage rates for 2024.  Beginning on January 1, 2024 mileage rates are as follows:

67 cents per mile for business (65.5 cents in 2023)

21 cents per mile for medical or moving purposes (22 cents in 2023)

14 cents per mile for charitable purposes (14 cents in 2023)

Contributed by: Carrie Minnich, MAcct, CPA | Partner | DWD CPAs & Advisors

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