2024 Mileage Rate Cracker. Effective january 1, 2024, the standard mileage rate for business vehicle use has increased to 67 cents per mile, up from the 2023 rate of 65.5 cents per mile.  — the irs is raising the standard mileage rate by 1.5 cents per mile for 2024.

Don’t forget to update your mileage rate for 2024 to ensure your employees are being fairly reimbursed! Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.