Irs Increases Mileage Rate 2024. Starting january 1st, 2024, the irs standard mileage rates are… $0.67 per mile for driving for business use, a 1.5 cent increase from the previous year. Despite falling gas prices, the internal revenue service is increasing the optional standard mileage rate used to calculate tax deductions by 1.5 cents a mile for 2024.

With the recent notice, the 2024 business standard mileage rate is increasing to 67 cents, up 1.5 cents from 2023. $0.21 per mile for medical.