The IRS has raised the 2024 optional mileage rate for personal vehicle use on business travel. The new rate is 67 cents per mile, up 1.5 cents from the most recent 2023 rate. CWRU reimbursements for ...

The standard business mileage rate for travel expenses has changed effective January 1, 2025. The standard business mileage rate for Travel expenses has changed. Beginning on January 1, 2025, the ...

The Internal Revenue Service (IRS) has released the eagerly awaited mileage rates for self-employed individuals for the tax years 2023 and 2024. TRAVERSE CITY, MI, US ...

Effective Jan. 1, the mileage rate for Purdue University business travel using a privately owned vehicle is 70 cents per mile, up from 67 cents per mile in 2024. The rate is based on both fixed and ...

When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return. The IRS ...

"Per diem," meaning "per day" in Latin, refers to a fixed daily allowance employers provide to cover expenses incurred during business travel. Per diem rates are set each year by the General Services ...