Irs Standard Business Mileage Rate 2024. Effective january 1, 2024, the business standard mileage rate for use of a car (including vans, pickup trucks and panel trucks) increases from $0.655 to $0.67, and the rate for. The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023.

In 2023, the irs set the standard mileage rates at 65.5 cents per mile for business, 14 cents per mile for charity, and 22 cents per mile for medical and moving. New standard mileage rates are: