Standard Mileage Rate For 2024 Tax Year. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. To use the standard mileage method, keep track of the miles you drive for business throughout the tax year and multiply that number by the standard mileage rate.
Approved mileage rates from tax year 2011 to 2012 to present date. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023 washington โ the internal revenue service today issued the.