what is the mileage deduction for 2024

These rates apply to all vehicle types, including electric, hybrid, gasoline, and diesel-powered vehicles. Taxpayers can choose between using the standard mileage rate or calculating actual vehicle expenses for deductions. Note that under the Tax Cuts and Jobs Act, most taxpayers cannot claim a deduction for unreimbursed employee travel expenses unless they are members of the Armed Forces on active duty moving under orders to a permanent change of station.