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WebApr 10, 2024 · Doing this enabled the couple to improve their cash flow by reducing the remainder of their mortgage payments on the home that was worth at least $1.16 million from $2,750 per month to $1,376 per ... WebFeb 20, 2024 · At the end of the year, you just multiply your annual business mileage by the rate, you’ve got your mileage deduction. Here’s an example: You drive 1,000 miles to take care of business errands. The IRS mileage rate for 2024 is 65.5 cents per mile. The formula is: 1,000 x 65.5 cents = $655. Your deduction is $655! graceland essential education
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