2024 Mileage Deduction Rate. As of 2024, the mileage rate is now 67 cents per mile. The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023.


2024 Mileage Deduction Rate

On december 14, 2023, the internal revenue service (irs) issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile. This amount increases to 67 cents per mile for 2024.

2024 Mileage Deduction Rate Images References :