Irs Standard Business Mileage Rate 2024. Effective january 1, 2024, the business standard mileage rate for use of a car (including vans, pickup trucks and panel trucks) increases from $0.655 to $0.67, and the rate for. The standard mileage rate beginning on january 1, 2024, is increasing to 67.0 cents per mile.

The irs announced that the business standard mileage rate for transportation expenses paid or incurred beginning january 1, 2024, will be 67 cents. This rate will apply beginning.