Current Mileage Rate For 2024 In Texas

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Current Mileage Rate For 2024 In Texas

Current Mileage Rate For 2024 In Texas. The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a car. This rate is consistent with the internal revenue see service’s.


Current Mileage Rate For 2024 In Texas

As of january 1, 2024, the standard mileage rate is $0.67 cents per mile. The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024.

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