topic 2024 Turbo Tax Deluxe says medical milage rate is 22 cents, but it's 21 cents How to correct? in Deductions & credits

2024 Turbo Tax Deluxe says medical milage rate is 22 cents, but it's 21 cents How to correct?

kamull01 — Sat, 04 Jan 2025 16:29:47 GMT

There's an error in 2024 Turbo Tax Deluxe in the medical mileage rate. This has happened in previous years and an answer in the Community says that it's just a typo and it's calculating correctly. But, that's not true for 2024. I have 823 miles. The Medical Worksheet shows that this amounts to $181. 823 x .22 = $181.06. So, indeed it's using 22 cents, which is the wrong rate. The Medical Worksheet should show 823 x .21 = $172.83 ($173 rounded). How do I fix it show that my return has the correct amount? Or is Turbo Tax going to fix this by the time we can file our returns??

Re: 2024 Turbo Tax Deluxe says medical milage rate is 22 cents, but it's 21 cents How to correct?

AmeliesUncle — Sat, 04 Jan 2025 18:55:54 GMT

The software is pretty useless this time of year and still uses a lot of the 2023 amounts. It was 22 cents in 2023, so I suspect they just haven't updated the amount yet.

Re: 2024 Turbo Tax Deluxe says medical milage rate is 22 cents, but it's 21 cents How to correct?

kamull01 — Tue, 07 Jan 2025 04:54:33 GMT

Hi @AmeliesUncle,

So, are you saying that Turbo Tax (Intuit) will fix this before January 27, 2025, which is the date that the IRS portal is open for electronic filing?

Re: 2024 Turbo Tax Deluxe says medical milage rate is 22 cents, but it's 21 cents How to correct?

Vanessa A — Tue, 14 Jan 2025 17:53:53 GMT

Yes, this section of TurboTax is supposed to be updated in the next week. The expected date is currently January 23rd. You can click here to follow the status of updated forms.