Irs Standard Mileage Rate 2024 Deduction. 21, 2024 washington โ as educators gear up for the new school year, the irs reminds schoolteachers that the maximum deduction for classroom expenses in 2024 remains at $300. If your medical and dental expenses exceed more than 7.5% of adjusted gross income (agi), you can deduct the overage.
John, a freelancer, drives 1,000 miles for client meetings and is reimbursed by his clients at $0.60 per mile, totaling $600. As of 2024, the guidelines are as follows:
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