2024 Mileage Rate Per Mile. Learn how points and miles from major loyalty programs stack up when it comes to value. From 1 june 2024, the advisory electric rate for fully electric cars will be 8 pence per mile.
Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates. The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last year.
This Is Up From 65.5 Cents A Mile In 2023.
The 2024 irs standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents per mile for moving or medical.
Irs Issues Standard Mileage Rates For 2024;
It could only become law through new legislation.
Once You Exceed This Threshold, The Rate Drops To 25 Pence For Each Additional Mile.
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Business, Medical, Moving, And Charitable Rates:
Washington โ the internal revenue service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
14 Cents Per Mile For Charitable Purposes
21 cents per mile for medical and military moving purposes;
For The First 10,000 Miles In A Tax Year, The Rate Is 45 Pence Per Mile.