2024 Mileage Rate Irs Releases. 67 cents per mile for each business mile (an increase of 1.5 cents per mile from 2023). The irs has announced the standard mileage rates for the use of a car, van, pickup, or panel truck for the year 2024.

The standard mileage rate will increase to 67¢ per mile for business miles driven beginning january 1, 2024, up from 65.5¢ in 2023. The internal revenue service (irs) issued their 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable,.