2024 Mileage Rate Increase For 2024. Effective january 1, 2024, the standard mileage rate for business vehicle use has increased to 67 cents per mile, up from the 2023 rate of 65.5 cents per mile. 14 announced that the business standard mileage rate per mile is rising to 67.


2024 Mileage Rate Increase For 2024

67 cents per mile driven for business use, up 1.5 cents from 2023. The irs is raising the standard mileage rate by 1.5 cents per mile for 2024.

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