Irs Standard Mileage Rate 2024 Deduction

Irs Standard Mileage Rate 2024 Deduction. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023. 17 rows — find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving purposes.

For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a car.