2024 Mileage Rate Increase

2024 Mileage Rate Increase. The new standard mileage rate in 2024 per the internal revenue service is 67 cents per mile, an increase of 2.3% over the previous year. The new rate kicks in beginning jan.

The internal revenue service (irs) has released the optional standard mileage rate for 2024. The 2024 irs standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents.