Mileage Rate 2024 Reimbursement. Washington — 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. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.

On december 14, 2023, the internal revenue service (irs) announced the 2024 standard mileage rate. The irs is raising the standard mileage rate by 1.5 cents per mile for 2024.