2023 Cents Per Km Rate. Mileage Rate 2024 Canada Alana Augusta Cents per km rate; 2024/25: 88: 2023/24: 85: 2022/23: 78: 2021/22: 72: 2020/21: 72: 2019/20: 68: 2023-24: use 85 cents per kilometre; 2022-23: use 78 cents per kilometre; 2020-21 and 2021-22: use 72 cents per kilometre.
Mileage Rate 2024 Canada Alana Augusta from jennicawlindy.pages.dev
You can claim a maximum of 5,000 work-related kilometres per car. For rates prior to 2023-24, see Cents per kilometre method
Mileage Rate 2024 Canada Alana Augusta
See how the rate has changed, why, and how to use it to claim business kilometres The current rate for the 2023-24 income year is 85 cents per kilometre The rates are usually reviewed and updated each year
ATO Increases the Cents Per KM Rate for the 20222023 Tax Year. Cents Per Km is one of the methods you can choose to satisfy the substantiation rules for individuals claiming car expenses as a tax deduction See how the rate has changed, why, and how to use it to claim business kilometres
Understanding the Cents per Kilometre Method (2023). The rate for the 2023-24 tax year is 85 cents per kilometre Cents per km rate; 2024/25: 88: 2023/24: 85: 2022/23: 78: 2021/22: 72: 2020/21: 72: 2019/20: 68: