Irs 2024 Mileage Rate Calculator

IRS 2024 Mileage Rate Calculator

Calculate your tax-deductible mileage based on the official 2024 IRS standard rates.

Business (67 cents per mile) Medical or Moving (21 cents per mile) Charitable Service (14 cents per mile)

Estimated Deduction Amount:

$0.00

function calculateMileageDeduction() { var miles = document.getElementById('mileageCount').value; var type = document.getElementById('tripType').value; var resultDiv = document.getElementById('mileageResult'); var deductionDisplay = document.getElementById('deductionValue'); var rateInfoDisplay = document.getElementById('rateInfo'); var rate = 0; var label = ""; if (!miles || miles <= 0) { alert("Please enter a valid number of miles."); return; } if (type === "business") { rate = 0.67; label = "Business rate of 67¢ per mile"; } else if (type === "medical") { rate = 0.21; label = "Medical/Moving rate of 21¢ per mile"; } else if (type === "charitable") { rate = 0.14; label = "Charitable rate of 14¢ per mile"; } var totalDeduction = miles * rate; deductionDisplay.innerHTML = "$" + totalDeduction.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); rateInfoDisplay.innerHTML = "Calculated using the " + label + " for 2024."; resultDiv.style.display = "block"; }

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Understanding the 2024 IRS Mileage Rates

The Internal Revenue Service (IRS) adjusts standard mileage rates annually based on an analysis of the costs of operating a vehicle. For the tax year 2024, there has been a notable increase in the business rate to reflect rising fuel and maintenance costs.

Official Rates for 2024

• Business: 67 cents per mile (up 1.5 cents from 2023).
• Medical/Moving: 21 cents per mile (down 1 cent from 2023). This applies to qualified active-duty members of the Armed Forces.
• Charitable: 14 cents per mile (set by statute and remains unchanged).

How to Use This Calculator

This tool is designed to help freelancers, small business owners, and volunteers quickly estimate their tax deductions or reimbursement requests. Simply enter the total number of miles driven and select the category that matches your trip's purpose. The calculator applies the current 2024 rates automatically.

Important Record-Keeping Requirements

To claim these deductions on your tax return, the IRS requires a contemporaneous log. This means you should track your mileage as it happens. A valid mileage log should include:

• The date of the trip.
• The total mileage for the trip.
• The destination and the business (or charitable/medical) purpose of the trip.
• The odometer reading at the start and end of the year (for total vehicle usage).

Real-World Example

If you are a freelance consultant who drove 1,500 miles to meet clients in 2024, your calculation would look like this:

1,500 miles × $0.67 = $1,005.00

By using the standard mileage rate, you avoid the complexity of tracking every individual gas receipt, oil change, and insurance payment, as these are all "baked into" the IRS rate.

Standard Rate vs. Actual Expenses

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates. Actual expenses include depreciation, lease payments, gas, oil, tires, repairs, and registration fees. However, once you choose the actual expense method for a vehicle, there are specific rules about when and if you can switch back to the standard rate in future years.