Standard Mileage Rate 2024

Standard Mileage Rate 2024. 67 cents per mile driven for business use, up. 1, 2024, the standard mileage rates for the use of a car (or a van, pickup or panel truck) are:

Starting january 1st, 2024, the irs standard mileage rates are… $0.67 per mile for driving for business use, a 1.5 cent increase from the previous year. The irs increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 67 cents per mile driven, up 1.5 cents.