What Is The Current Irs Mileage Rate 2024

What Is The Current Irs Mileage Rate 2024

The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. In addition, on december 14, 2023, the irs published the standard mileage rates for 2024 as follows:

This rate reflects the average car operating cost, including gas, maintenance, and depreciation. Beginning january 1, 2024, the standard mileage rates for vehicles, including vans, pickups, and panel trucks, are as follows: