Nemt 2024 Mileage Rate Increase . 14 announced that the business standard mileage rate per mile is. The irs announced that the business standard mileage rate for transportation expenses paid or incurred beginning january 1, 2024, will be 67 cents.
The new rate kicks in beginning jan. The rate is now 67 cents per mile, which is 1.5 cents higher than the 2023.
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IRS Sets Mileage Rate at 67 Cents Per Mile for 2024 CPA Practice Advisor , (this is up from 65.5 cents per mile for 2023.) the 2024 rate for medical or eligible moving purposes is 21 cents per mile.
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