Irs Increases Mileage Rate 2024. The irs increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 67 cents per mile driven, up 1.5 cents from 2023. The standard mileage deduction rose to 67 cents per mile, up 1.5 cents from 2023.

The irs increases the mileage reimbursement rate each. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.