The Internal Revenue Service (IRS) has announced the standard mileage rates for the year 2024. The following table summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes:
| Period | Business | Charity | Medical | Moving |
|---|---|---|---|---|
| 2024 | 67 cents per mile | 14 cents per mile | 21 cents per mile | 21 cents per mile |
Medical and Charity mileage are deducted on Schedule A, Itemized Deductions.
The standard mileage rate for Moving expenses is not applicable for all taxpayers; only members of the US Armed Forces who are on active duty and move due to a military order and incident to a permanent change of station can use the moving rate.
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