2024 Mileage Rate Increase

2024 Mileage Rate Increase. The increase goes into effect jan. Washington — the internal revenue service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for.

The new 67 cents per mile rate is up from the. The irs issued a slight increase in the standard mileage rates for business travel, effective january 1, 2024.