2024 Mileage Deduction

2024 Mileage Deduction.  โ€” for 2024, the depreciation amount is 30 cents of the standard mileage rate of 67 cents per mile. 67 cents per mile driven for business use (up 1.5 cents from 2023).


2024 Mileage Deduction

That drops to 14 cents per mile when. On december 14, 2023, the irs issued the standard mileage rate for 2024, which will be 67 cents per mile for business.

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