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The mileage in Turbo tax is wrong. It’s $0.70 for 2024 not $0.67. Why are they not up to date

This is potentially thousands of dollars difference for gig workers like uber drivers
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The mileage in Turbo tax is wrong. It’s $0.70 for 2024 not $0.67. Why are they not up to date

No, the mileage rate for tax year 2024, the tax returns that are currently being filed. is $0.67.  Tax year 2025 will not be completed until after 12/31/2025.

 

Go to this IRS website for mileage rates - https://www.irs.gov/tax-professionals/standard-mileage-rates

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