2024 Mileage Rate Deduction. On december 14, 2023, the internal revenue service (irs) issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business,. 1, 2024, bringing the irs rate to 67 cents per mile driven for business use, the federal agency announced in a statement.
Beginning on january 1, 2024, the standard mileage rates for using a car (also vans, pickups or panel trucks) will be: This is an increase of 1.5 cents.