Irs Standard Mileage Rate 2024 Increase. Effective january 1, 2024, the irs standard mileage rates for the use of a car, van, pickup truck, or panel truck for university business purposes are: The rate is now 67 cents per mile, which is 1.5 cents higher than the 2023 rate.
In 2023, the irs set the standard mileage rates at 65.5 cents per mile for business, 14 cents per mile for charity, and 22 cents per mile for medical and moving purposes. Washington โ the internal revenue service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Irs Standard Mileage Rate 2024 Increase Images References :