Mileage Rate 2024 Gsak. The internal revenue service introduced the new standard mileage rate 2024 from 1 st january 2024. Beginning on january 1, 2024, the standard mileage rates for using a car (also vans, pickups or panel trucks) will be:
Canadian taxpayers should be aware of these rules when managing their business expenses to avoid any penalties from the cra. This document includes the optional 2024 standard mileage rates and details the maximum automobile cost for calculating the allowance under a fixed and variable rate (favr).