WebFeb 7, 2024 · What are the standard mileage rates for 2024? The standard mileage rates for 2024 are: 54.5 cents for every business mile, up 1 cent from 2024. 18 cents per mile for medical or moving, up 1 cent from 2024. 14 cents per mile for charity drives, which has been steady for a while. WebDec 17, 2024 · Beginning January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 58 cents per mile driven for business use, …

California Employers Association - IRS Mileage Rate Increase for …

WebJun 22, 2024 · However, in response to increases in fuel prices, the IRS recently announced on June 9, 2024, that it would increase the business travel rate to 62.5 cents per mile, … WebApr 11, 2024 · The IRS allots a standard mileage rate (18 cents per mile for the first half of 2024 and 22 cents per mile for the second half of 2024) that you can use to calculate your travel expenses. But if you prefer, you can keep up with your actual transportation costs and deduct those instead. Eligible travel costs include: Gas; Oil; Parking fees; Tolls lisa elowson

2024 IRS Mileage Rate is up from 2024 - Employers

Web2024-2024 Special Per Diem Rates Notice 2024-77 SECTION 1. PURPOSE ... § 1.274-5 of the Income Tax Regulations, the amount of ordinary and necessary business expenses paid or incurred while traveling away from home. Taxpayers using ... California . Los Angeles Los Angeles, Orange, Ventura, WebThe standard automobile mileage reimbursement rate set by the IRS for 2024 - 54.5 cents per mile. The standard automobile mileage reimbursement rate set by the IRS for 2024 - 53.5 cents per mile. ... can a business pay california employees a mileage rate less than the IRS? A: Yes. However, actual expenses must be paid. WebHere's a breakdown of the current IRS mileage reimbursement rates for California as of January 2024. Employees will receive 57.5 cents per mile driven for business use (the … brainathon john assaraf