Business Mileage Rate 2024 Calculator. As we approach 2025, small business owners need to prepare for changes in tax laws that could impact their mileage deductions. Input the number of miles driven for business, charitable, medical, and/or moving purposes.
The irs increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 67 cents per mile driven, up 1.5 cents. This calculator takes into consideration the current standard mileage rate for business.
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