The IRS has issued Notice 2024-08 announcing the standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes during 2024. For 2024 standard mileage rate for business purposes is 67 cents per mile, for charitable purposes the rate is 14 cents per mile, and for medical care and applicable moving expenses the rate is 21 cents per mile.
If you have any questions concerning standard mileage rates, please contact your Maillie representative.
