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VideosStandard Mileage Rates
Beginning on January 1, 2025, the standard mileage rates for the use of a car (including vans and pickups or panel trucks) will be:
| Year | For Use | Cents Per Mile | Other Details |
|---|---|---|---|
| 2024 | Business | 67 cents per mile | Up 1.5 cents from the rate for 2023 |
| 2024 | Medical or Moving | 21 cents per mile | Down 1 cent from the rate for 2023 |
| 2024 | Charitable Organizations | 14 cents per mile | Unchanged from the rate for 2023 |
| 2023 | Business | 65.5 cents per mile | Up 3 cents from the rate for 2022 |
| 2023 | Medical or Moving | 22 cents per mile | Unchanged from the rate for 2022 |
| 2023 | Charitable Organizations | 14 cents per mile | Unchanged from the rate for 2022 |
Note: Under the TCJA, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee automobile expenses. Only members of the Armed Forces on active duty moving under orders to a permanent change of station may claim a moving expense. (Rev. Proc. 2019-46)
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TermsDisclosuresIndex DescriptionsForm CRS The data provided in charts referring to IFA Index Portfolios is hypothetical back-tested performance and is not actual client performance. Performance data for the IFA Index Portfolios is shown net of IFA's highest advisory fee and the underlying mutual fund expenses. IFA Indexes when shown individually do not reflect a deduction of advisory fees. None of the data reflects trading costs or taxes, which would have lowered performance by these costs. See more important disclosures at ifabt.com.
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