According to the irs, the mileage rate is set yearly “based on an annual study of the fixed and variable costs. The standard monthly premium for medicare part b enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.
The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. The new irs mileage rates for 2024 are 67 cents per mile for business purposes (up from 65.5 cents per mile in 2023), 21 cents per mile for medical or moving.
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The standard monthly premium for medicare part b enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.
Here’s A Breakdown Of The Irs Mileage Rate For 2024 And How It Is Different From The Previous Year.
The 2024 irs standard mileage rate is $0.67.
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The Rate For Medical Or Moving Purposes In 2024 Decreased To 21 Cents.
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The Standard Monthly Premium For Medicare Part B Enrollees Will Be $174.70 For 2024, An Increase Of $9.80 From $164.90 In 2023.
2024 irs mileage rates overview the irs has adjusted the standard mileage rates for 2024, marking a slight increase from the previous year: