.federal-mileage-calculator {
font-family: sans-serif;
border: 1px solid #ddd;
padding: 20px;
border-radius: 8px;
max-width: 600px;
margin: 20px auto;
background-color: #f9f9f9;
}
.calculator-inputs, .calculator-results {
margin-bottom: 20px;
}
.input-group {
margin-bottom: 15px;
}
.input-group label {
display: block;
margin-bottom: 5px;
font-weight: bold;
color: #333;
}
.input-group input[type="number"] {
width: calc(100% – 22px);
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
box-sizing: border-box;
}
button {
background-color: #4CAF50;
color: white;
padding: 12px 20px;
border: none;
border-radius: 4px;
cursor: pointer;
font-size: 16px;
width: 100%;
}
button:hover {
background-color: #45a049;
}
#results h3 {
border-bottom: 1px solid #eee;
padding-bottom: 10px;
margin-top: 0;
color: #555;
}
#results div {
margin-bottom: 10px;
color: #333;
font-size: 1.1em;
}
#totalReimbursement {
font-weight: bold;
color: #007bff;
font-size: 1.3em;
margin-top: 15px;
}
function calculateMileageReimbursement() {
var businessMiles = parseFloat(document.getElementById("businessMiles").value);
var medicalMiles = parseFloat(document.getElementById("medicalMiles").value);
var movingMiles = parseFloat(document.getElementById("movingMiles").value);
var charityMiles = parseFloat(document.getElementById("charityMiles").value);
var REIMBURSEMENT_RATE_BUSINESS_MEDICAL_MOVING = 0.67; // 2024 rate
var REIMBURSEMENT_RATE_CHARITY = 0.14; // 2024 rate
var totalMiles = 0;
var businessReimbursement = 0;
var medicalReimbursement = 0;
var movingReimbursement = 0;
var charityReimbursement = 0;
var totalReimbursement = 0;
if (!isNaN(businessMiles) && businessMiles >= 0) {
totalMiles += businessMiles;
businessReimbursement = businessMiles * REIMBURSEMENT_RATE_BUSINESS_MEDICAL_MOVING;
}
if (!isNaN(medicalMiles) && medicalMiles >= 0) {
totalMiles += medicalMiles;
medicalReimbursement = medicalMiles * REIMBURSEMENT_RATE_BUSINESS_MEDICAL_MOVING;
}
if (!isNaN(movingMiles) && movingMiles >= 0) {
totalMiles += movingMiles;
movingReimbursement = movingMiles * REIMBURSEMENT_RATE_BUSINESS_MEDICAL_MOVING;
}
if (!isNaN(charityMiles) && charityMiles >= 0) {
totalMiles += charityMiles;
charityReimbursement = charityMiles * REIMBURSEMENT_RATE_CHARITY;
}
totalReimbursement = businessReimbursement + medicalReimbursement + movingReimbursement + charityReimbursement;
document.getElementById("totalMiles").innerHTML = "Total Miles Driven: " + totalMiles.toLocaleString() + " miles";
document.getElementById("businessReimbursement").innerHTML = "Business Mileage Reimbursement: $" + businessReimbursement.toFixed(2);
document.getElementById("medicalReimbursement").innerHTML = "Medical Mileage Reimbursement: $" + medicalReimbursement.toFixed(2);
document.getElementById("movingReimbursement").innerHTML = "Moving Mileage Reimbursement: $" + movingReimbursement.toFixed(2);
document.getElementById("charityReimbursement").innerHTML = "Charitable Mileage Reimbursement: $" + charityReimbursement.toFixed(2);
document.getElementById("totalReimbursement").innerHTML = "Total Estimated Reimbursement: $" + totalReimbursement.toFixed(2);
}
Understanding the 2024 Federal Mileage Rates for Tax Deductions
The Internal Revenue Service (IRS) sets standard mileage rates annually that taxpayers can use to calculate the deductible costs of operating a vehicle for business, medical, moving, or charitable purposes. Using these rates simplifies the expense tracking process, as it allows you to claim a per-mile amount instead of calculating actual vehicle expenses. For 2024, the IRS announced updated rates that are crucial for anyone looking to maximize their tax deductions related to vehicle use.
2024 Mileage Rates Explained
- Business Mileage: For 2024, the standard mileage rate for business use of a car, van, pickup truck, or panel truck is 67 cents per mile. This rate covers the fixed and variable costs of operating the vehicle, such as gas, oil, maintenance, repairs, insurance, and depreciation.
- Medical Mileage: The rate for using your car for deductible medical purposes or moving related to a new job is 67 cents per mile. This rate applies to travel to and from medical appointments or the transportation of medical supplies.
- Charitable Mileage: For charitable organizations, the rate is 14 cents per mile. This rate is set by law and does not change annually based on the IRS's review of transportation costs.
How the Calculator Works
This calculator helps you estimate your potential tax deduction based on the miles you've driven for different purposes in 2024. Simply enter the total number of miles you've driven for business, medical, moving, and charitable activities. The calculator will then apply the respective 2024 federal mileage rates to each category and provide a total estimated reimbursement amount that you may be able to deduct on your tax return.
Example Calculation
Let's say you drove:
- 10,000 miles for business
- 500 miles for medical appointments
- 200 miles for a job-related move
- 100 miles for volunteer work for a qualified charity
Using the 2024 rates:
- Business: 10,000 miles * $0.67/mile = $6,700.00
- Medical: 500 miles * $0.67/mile = $335.00
- Moving: 200 miles * $0.67/mile = $134.00
- Charity: 100 miles * $0.14/mile = $14.00
Your total estimated reimbursement would be $7,183.00. This figure represents the maximum deductible amount for these vehicle expenses, assuming you meet all the IRS requirements for substantiating your mileage.
Important Considerations
Remember to keep accurate records of your mileage, including the date, destination, purpose of the trip, and the number of miles driven. This documentation is crucial for substantiating your deduction in case of an IRS audit. If you choose to deduct actual expenses instead of using the standard mileage rates, you cannot use these rates.