Irs Standard Mileage Rate 2024. The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year.

Effective january 1, 2024, the internal revenue service (irs) increased the optional standard mileage rate for business to 67 cents per mile. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.