Tax Rate For Mileage 2024

Tax Rate For Mileage 2024. 74¢ per kilometre for the first 5,000km driven. 70¢ per kilometre for the first 5,000km driven.

For 2024, the irs’ standard mileage rates are $0.67 per mile for business, $0.21 per mile for medical or moving, and $0.14 per mile for charity. John, a freelancer, drives 1,000 miles for client meetings and is reimbursed by his clients at $0.60 per mile, totaling $600.