Standard Mileage Rate 2024. The internal revenue service (irs) has released the optional standard mileage rate for 2024. The irs is raising the standard mileage rate by 1.5 cents per mile for 2024.

The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. The irs has set the rate at 67 cents per business mile, an.