IRS Raises Standard Mileage Rate for Business Owners to 67 Cents a Mile
December 14, 2023
December 14, 2023
TRENTON, New Jersey, Dec. 14 -- The New Jersey Business and Industry Association posted the following news:
The Internal Revenue Service on Thursday issued the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
* 67 cents per mile driven . . .
The Internal Revenue Service on Thursday issued the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
* 67 cents per mile driven . . .