WebFeb 25, 2015 · Generally, any miles you cannot substantiate with contemporaneous records is considered personal miles, and therefore non-deductible. Also required in an audit … WebDec 17, 2024 · 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for 2024 and. 14 …
What Are IRS Mileage Log Requirements? - FreshBooks
WebMar 29, 2024 · The mileage deduction is calculated by multiplying your yearly business miles by the IRS’s standard mileage rate. For 2024, that’s $0.585 for the first half of the year, and $0.625 for the second half . For 2024, it's been raised to $0.655. This rate is adjusted for inflation each year. WebEMS Levy 11/2/21 N EMS Regular Property Tax 10 $0.50/$1,000 2024 2031 27 - Fall City Excess Levy 11/3/20 Y M&O Levy 4 $2,760,000 2024 2024 38 - North Bend Bonds 2/8/11 Y Fire Station Construction 20 $2,975,000 2012 2031 39 - South King Excess Levy 8/4/20 Y M&O Levy 4 $15,000,000 2024 2024 Bonds 11/3/15 Y Fire Station/Emergency … how to save a document to files
Can You Get a Tax Deduction if You Didn
WebMar 20, 2024 · For the 2024 tax year, the IRS approved the following standard mileage rates: Business: 58.5 cents per mile from Jan. 1, 2024-June 30, 2024 and 62.5 cents per mile from July 1, 2024 – Dec. 31,... WebThe documents needed to deduct medical expenses include the following: Name and address of each person or entity you paid Amount and date of each payment You should also keep a statement or itemized invoice showing: What medical care was received Who received the care The nature and purpose of any medical expenses WebFeb 2, 2024 · Your total mileage was 18,000 and documented business miles were 16,200 (spread evenly throughout the year). The business-use percentage is 90%. 16,200 miles / 18,000 miles = 0.9 0.9 x 100 = 90% … how to save a document on wordpad