October 2024


 

News

IRS Announces 2024 Medical Mileage Rate

01/04/24

Author: ADP Admin/Wednesday, January 3, 2024/Categories: Compliance Corner , Federal Compliance Update

On Dec. 14, 2023, the Internal Revenue Service issued Notice 2024-08 announcing that the standard mileage rate, effective Jan. 1, 2024, for use of an automobile to obtain medical care is 21 cents per mile.

The details: 

Transportation expenses, such as automobile mileage, that qualify as tax deductible medical expenses under Internal Revenue Code Section 213 generally can be paid or reimbursed on a tax-free basis by a health flexible spending arrangement, health reimbursement arrangement, or health savings account if the expense is “primarily for, and essential to, medical care.”

For a copy of Notice 2024-08 please click on the link provided below:

https://www.irs.gov/pub/irs-drop/n-24-08.pdf

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