Irs Fuel Mileage Rate 2024. The irs is raising the standard mileage rate by 1.5 cents per mile for 2024. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.

On december 14, 2023, the internal revenue service (irs) issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile. 14 announced that the business standard mileage rate per mile is rising to 67 cents, up from.