Mileage Deduction Rate 2024
Washington โ the internal revenue service. Budget 2024 has increased the standard deduction for salaried employees to 75,000 rupees from 50,000 rupees earlier 23 jul.
Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023. These changes, such as the 2024 standard mileage rate adjustment to 67 cents per mile for business use, directly influence deductible expenses and tax liabilities.
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