2024 Mileage Rate. 67 cents per mile driven for business use, up 1.5 cents. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023. July 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
Approved Mileage Rates From Tax Year 2011 To 2012 To Present Date.
70 cents per kilometer for the first 5,000 kilometers.
If Your Company Provides Electric Cars For Work, A Different Rate Applies.
The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year.
2024 Mileage Rate Images References :
The Irs Has Announced The New Standard Mileage Rates For 2024.
The new rate kicks in beginning jan.
This Notice Provides The Optional 2024 Standard Mileage Rates For Taxpayers To Use In Computing The.
This rate reflects the average car operating cost, including gas, maintenance, and depreciation.