{"id":9440,"date":"2024-01-16T11:55:17","date_gmt":"2024-01-16T16:55:17","guid":{"rendered":"https:\/\/scarletoakfs.com\/?p=9440"},"modified":"2024-01-22T14:26:39","modified_gmt":"2024-01-22T19:26:39","slug":"irs-releases-standard-mileage-rates-for-2024","status":"publish","type":"post","link":"https:\/\/scarletoakfs.com\/irs-releases-standard-mileage-rates-for-2024\/","title":{"rendered":"IRS Releases Standard Mileage Rates for 2024"},"content":{"rendered":"
Due to recent increases in the price of fuel, the IRS has increased the optional standard mileage rates for computing the deductible costs of operating an automobile for business purposes for 2024. However, the standard mileage rates for medical and moving expense purposes are reduced for 2024. The standard mileage rate <\/a>for computing the deductible costs of operating an automobile for charitable purposes is set by statute and remains unchanged.<\/p>\n For 2024, the standard mileage rates are as follows:<\/p>\n Scarlet Oak Financial Services can be reached at <\/strong>800.871.1219<\/strong><\/a>\u00a0or\u00a0<\/strong>contact us here<\/strong><\/a>.\u00a0\u00a0<\/strong>Click here<\/a>\u00a0to sign up for our newsletter with the latest economic news.<\/strong><\/p>\n Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on individual circumstances. Scarlet Oak Financial Services provide these materials for general information and educational purposes based upon publicly available information from sources believed to be reliable \u2014 we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Due to recent increases in the price of fuel, the IRS has increased the optional standard mileage rates for computing the deductible costs of operating an automobile for business purposes…<\/p>\n","protected":false},"author":7,"featured_media":9441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[741,873,584],"tags":[],"yoast_head":"\n\n
Source:<\/h5>\n
<\/a>Broadridge<\/a> Investor Communication Solutions, Inc. prepared this material for use by Scarlet Oak Financial Services.<\/h5>\n