Standard mileage rates for 2024; mileage rate increases to 67 cents a mile, up 1.5 cents from 2023
IR-2023-239, Dec. 14, 2023 The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will […]