2024 Mileage Rate Increase Calculator. 2024 irs mileage rate increases february 6, 2024 the internal revenue service issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an. The 2024 business mileage rate has increased to 65.5 cents per mile, a rise of 1.5 cents from the previous year.

Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023. Beginning on january 1, 2024, the standard mileage rates for the use of a car (also a van, pickup or panel truck) is: