2024 Mileage Rate Increase For 2024. The irs issued a slight increase in the standard mileage rates for business travel, effective january 1, 2024. 67 cents per mile driven for business use, up 1.5 cents.

In this comprehensive guide, we’ll steer through the new 2024 irs mileage rates, delving into what they mean for you, how they compare to previous years, and how to effectively calculate your mileage deductions. 67 cents per mile, up 1.5 cents from 65.5 cents in 2023.