Mileage Rate 2024 Irs. 14 announced that the business standard mileage rate per mile is rising to 67 cents, up from. 2024 mileage reimbursement rate shani melessa, the 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year.

This year, the irs raised the standard mileage rate for 2024 to 67 cents per mile, which is 1.5 cents more than the previous year’s rate of 65.5 cents per mile. The rate for medical or moving purposes in 2024 decreased to 21 cents per mile, from the 22 cent rate in 2023.