Irs Standard Mileage Rate 2024 Vs 2024. Effective from january 1, 2024, the new rate will be 67 cents per mile, a slight increase from the 65.5 cents rate in 2023. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.
The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. Understanding these rates is crucial for accurate expense tracking and tax.