Mileage 2024 Rate

Mileage 2024 Rate. This year, the irs raised the standard 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. The rates for 2024 will be available on our website in 2025.

From 1 july 2024, the cents per kilometre rate for calculating motor vehicle expenses is 88 cents per kilometre. The 2024 irs standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents per mile for moving or medical.