IRS Announces 2024 Mileage Rates

Matt SchweinertNews

piles of coins for IRS Announces Increased Mileage Rates blog post

The Internal Revenue Service has announced new mileage rates for 2024 for use in calculating reimbursements or deductions for tax purposes: Additionally, the standard vehicle cost used to calculate FAVR (Fixed and Variable Rate) programs may not exceed $62,000, up … Read More

IRS Announces 2023 Mileage Rates

Jim DohertyNews

2023 mileage reimbursement rates - dollar on a table image

The Internal Revenue Service has announced new mileage rates for 2023 for use in calculating reimbursements or deductions for tax purposes: Business use: 65.5 cents a mile, up from 62.5 cents a mile from the 2022 mid-year increase. Medical use: … Read More

IRS Announces 2022 Mileage Rates

Jim DohertyNews

a pile of dollars

The Internal Revenue Service (IRS) has announced new mileage rates for 2022 for use in calculating reimbursements or deductions for tax purposes: Business use: 58.5 cents a mile, up from 56 cents a mile in 2021 Medical use: 18 cents … Read More

IRS Announces 2021 Mileage Rates

Jim DohertyNews

jar of coins

The Internal Revenue Service has announced new mileage rates for 2021 for use in calculating reimbursements or deductions for tax purposes: Business use: 56 cents a mile, down from 57.5 cents a mile in 2020 Medical use: 16 cents a … Read More

IRS Announces 2020 Mileage Rates

Jim DohertyNews

jar of coins tipped over

The Internal Revenue Service has announced new mileage rates for 2020 for use in calculating reimbursements or deductions for tax purposes: Business use: 57.5 cents a mile, down from 58 cents a mile in 2019 Medical use: 17 cents a … Read More