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IRS announces mileage rates for 2024

On December 14, 2023, the IRS issued in Notice IR 2023-239 the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) […]