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Here are the 2024 mileage reimbursement rates: Business mileage rate: 67 cents per mile. This mileage rate for business increased by 1.5 cent from 65.5 cents per mile in 2023. ... How To Calculate ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
For drivers on the low-end of that range, they could deduct $53,600 in mileage for 2024, versus $52,400 in 2023, decreasing their tax liability and potentially putting money in their pocket.
2024 SV 2024 Global Battery electric crossover based on the Hyundai E-GMP platform. EV5: 2023 OV 2023 Global (except the United States, Europe, Turkiye and Israel) Battery electric crossover based on the Hyundai-Kia N3 eK platform. EV6: 2021 CV 2021 Global Battery electric crossover based on the Hyundai E-GMP platform. 83,411 EV9: 2023 MV 2023 ...
The Kia Carens (Korean: ... Global NCAP scores (2024) Adult occupant stars Adult occupant score 22.07/34.00 Child occupant stars Child occupant score 41.00/49.00
On Dec. 29, the agency announced a bump in the optional standard mileage rate starting Jan. 1, 2023 — which will now be 65.5 cents per mile driven. Taxpayers can use the new rate to calculate ...