The optional standard business mileage rate for 2024 will be going up by 1.5 cents per mile. This deduction is used to calculate the cost of operating an automobile for business. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will be 67 cents. … Continue reading “The Standard Business Mileage Rate Will Be Going Up Slightly in 2024”
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