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BREAKING NEWS: IRS Boosts Mileage Rate for 2024

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The IRS is raising the standard mileage rate by 1.5 cents per mile for 2024.

The agency today announced that the business standard reimbursement rate per mile is rising to 67 cents, up from 65.5 cents for 2023, beginning Jan. 1.

The IRS also announced the standard mileage rate for 2024 will be:
  • 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces—a decrease of 1 cent from 2023.
  • 14 cents per mile driven in service of charitable organizations. The rate is set by statute and remains unchanged from 2023.
 
 

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