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Hot off the press! Do you small business owners have your mileage logs up to date? Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 cents from 2023. 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023. 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2023.

There are some changes coming for mileage rates! The IRS said that beginning Jan. 1, the standard mileage rates for the use of a car, van, pickup or panel truck will be: • 67 cents per mile driven for business use, up 1.5 cents from 2023; • 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent; and, • 14 cents per mile driven in service of charitable organizations (this rate is set by statute and remains unchanged from 2023). #TipTuesday

2024 standard mileage rates • 67 cents per mile driven for business use, up 1.5 cents from 2023. • 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023. • 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2023.

The IRS has released the 2024 standard mileage rates for the use of a car, van, pickup or panel truck. They will be: 67 cents per mile driven for business use, up 1.5 cents from 2023; 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent; and, 14 cents per mile driven in service of charitable organizations (this rate is set by statute and remains unchanged from 2023).

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IRS issues standard mileage rates for 2024 Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: - 67 cents per mile driven for business use, up 1.5 cents from 2023. - 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023. - 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2023.

Maintain Good Mileage Records: Starting on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 cents from 2023. 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023. 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2023. #mileage2024 #businessmileage #medicalmileage #charitablemileage

The 2024 standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 67 cents per mile driven for business use, up 1 ½ cents from the rate for 2023; • 21 cents per mile driven for medical purposes or for moving purposes for qualified active duty members of the Armed Forces, down one cent from the rate for 2023; and • 14 cents per mile driven in service of charitable organizations. The rate is set by statute and remains unchanged from 2023. #IRS #mileage #taxdeduction