Irs Business Mileage Rate 2024. The irs has announced its standard mileage rates for the use of a car, van, pickup or panel truck beginning on jan. 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.
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 medical and. 67 cents per mile driven for business use, up 1.5 cents.
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