2024 Mileage Rate Increase Rate. 1, 2024, bringing the irs rate to 67 cents per mile driven for business use, the federal agency announced in a statement thursday. The new rate is set at 65.5 cents per mile, an adjustment from the previous year's rate, reflecting changes in operational costs, such as fuel prices and vehicle.
1, 2024, bringing the irs rate to 67 cents per mile driven for business use, the federal agency announced in a statement thursday. The 2024 irs mileage rates have been set at 67 cents per mile to accommodate the economic changes over the past year.