Irs Mileage 2024 Reimbursement Rate. The irs is raising the standard mileage rate by 1.5 cents per mile for 2024. Irs issues standard mileage rates for 2024;

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. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.