Business Mileage Deduction 2024. The 2024 business mileage rate has increased to 65.5 cents per mile, a rise of 1.5 cents from the previous year. For 2024, the business standard mileage rate is 67 cents per mile driven.
This rate reflects the average car operating cost, including gas, maintenance, and depreciation. Find out if the standard mileage deduction or the actual expense method is the best way to calculate your business mileage deduction.
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