2024 Irs Standard Mileage Rate Per Mile. 1, 2024, bringing the irs rate to 67 cents per mile driven for business use, the federal agency announced in a. On december 14, 2023, the irs issued the standard mileage rate for 2024, which will be 67 cents per mile for business use, up 1.5 cents from 2023.

This federal rate is essential for estimating how much you’ll receive as reimbursement. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year.