Mileage Allowance 2024 For Self Employed. You can generally figure the amount of your. The 2024 irs standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents per mile for moving or medical.
The irs allows you to deduct a standard mileage rate from your earnings to lower your taxable income. Calculate your vehicle expenses using a flat rate for mileage instead of the actual costs of buying and running your vehicle, for example insurance, repairs, servicing, fuel.
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