Webbefore multiplying by the mileage rate. Example: You normally drive 20 miles one-way to and from work. Today, you drove from home to an alternate work location 50 miles … Web1 day ago · Rate. USAA MemberShop. 3%. Citi Bonus Cash Center. 3%. * : Special Rate for New User or Up To Rate. ** : Max Cashback Amount Per Order. Travel Miles/Points. Portal.
New 2024 IRS Standard Mileage Rates - Forbes
WebApr 20, 2024 · 7,646 miles. Source: Federal Highway Administration. Drivers ages 16 to 19 have the least annual mileage, on average, at 7,624 miles. A portion of these drivers are likely learner's permit drivers and may not commute as regularly as working adults. The drivers with the highest annual mileage are ages 20 to 54. WebJan 18, 2024 · The IRS mileage reimbursement is intended to provide taxpayers with a way to be reimbursed for business-related travel expenses. The IRS has established a set rate for miles driven for business purposes, which is designed to cover the cost of fuel and other related expenses. This reimbursement can be used to reduce a taxpayer's taxable … phlebotomy salary hourly florida
Fuel Economy
WebMar 8, 2024 · Each year, the IRS sets a mileage reimbursement rate. As of July 2024, the standard mileage rate is $0.625 per mile. For trips in 2024 that occurred from January to July, the rate was... WebJan 1, 2010 · The TDY mileage rates consider the fixed and variable costs of operating a vehicle, such as gasoline, insurance, or wear and tear, and reimburse the average expense of using a POV for the official travel. A traveler who is authorized TDY travel by POV is allowed one day of travel for every 400 miles between authorized points. WebJan 27, 2024 · The IRS rate is 18 cents a mile for the first half of 2024 and 22 cents a mile for the second half of 2024 for deductible medical or moving expenses. (The medical or moving expense rate remains at ... phlebotomy rules and regulations