What Is The Standard Mileage Rate For 2024. The standard mileage rate is 21 cents per mile for use of an automobile: The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023.
What is the federal mileage reimbursement rate for 2024? Increase in business mileage rate: