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PATAX
PATAX
Level 12
December 14, 2023
Solved

Big Time increase in standard mileage rate😉

  • December 14, 2023
  • 2 replies
  • 19 views

IRS has announced standard mileage rate has increased to 67 cents. Massive increase of one and a half cents. Don't spend all of that money in one place.😉

    This topic has been closed for replies.
    Best answer by IRonMaN

    I am planning on blowing all of that extra cash at the Intuit badge shop.  I'm sure they must still have some pretty badges that I don't already have. 😜

    2 replies

    BobKamman
    BobKamman
    Level 15
    December 14, 2023

    Feel free to claim actual expenses.  I remember once being asked what the rate was for motorcycles.  I forget the answer.  Does a sidecar make a difference?  What about an EV that gets the equivalent of 75mpg?  Does it matter if it qualified for a $7,500 tax credit?

      IRonMaN
      IRonMaNAnswer
      Level 15
      December 14, 2023

      I am planning on blowing all of that extra cash at the Intuit badge shop.  I'm sure they must still have some pretty badges that I don't already have. 😜

      Slava Ukraini!
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