Many times our residents have medical expenses that include automobile expenses.  If you are calculating medical expenses that include that type of transportation, this is vital information.  The Internal Revenue Service has issued its 2024 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical and moving purposes.

Beginning January 1, 2024, the standard mileage rates for the use of a car (which includes vans, pickups and panel trucks) is:

• 21 cents per mile driven for medical or moving purposes (down 1 cent from the rate for 2023)
• 67 cents per mile for business use
• 14 cents per mile driven in service of charitable organizations

Source Reference: 2024 Standard Mileage Rates

The original post has been updated to reflect the current IRS mileage rates. Click here to see a history of the IRS Standard Mileage Rates.