Irs Mileage Rate 2024 Increase. The standard mileage rate will increase to 67ยข per mile for business miles driven beginning. The internal revenue service (irs) has released the optional standard mileage rate for 2024.
The rate is now 67 cents per mile, which is 1.5 cents higher than the 2023 rate. For 2024, the irs’ standard mileage rates are $0.67 per mile for business, $0.21 per mile for medical or moving, and $0.14 per mile for charity.