What Is The Mileage Rate For 2024 Taxes. The 2024 mileage rates show a 1.5 cent increase in the business mileage rate (65.5 cents in 2023) and a 1 cent decrease in the rate for medical and moving. 67 cents per mile, up 1.5 cents from 65.5 cents in 2023.

The new irs mileage rates for 2024 are 67 cents per mile for business purposes (up from 65.5 cents per mile in 2023), 21 cents per mile for medical or moving purposes and 14. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year.