2024 Mileage Deduction Rate Chart

2024 Mileage Deduction Rate Chart. Use mileagewise's free mileage reimbursement calculator for 2024 to get the figure you are entitled to in mileage tax deduction. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year.

This year, the irs raised the mileage rate for 2024 to 67 cents per mile, which is 1.5 cents more than the previous year’s rate of 65.5 cents per mile. Beginning on january 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: