Current Mileage Rate For 2024 To 2024. The standard business mileage rate increases by 1.5 cents to 67 cents per mile. The irs announced that the business standard mileage rate for transportation expenses paid or incurred beginning january 1, 2024, will be 67 cents per mile, up 1.5 cents from 65.5 cents per mile for 2023.

The new rates are effective january 1, 2024. For taxpayers who use a vehicle for business purposes, the.