2024 Mileage Rate Reimbursement Rate. Here, you’ll find guidance through every step of the process in choosing, financing and adapting a vehicle to give you the freedom of mobility, including up to $1000 in. 14, 2023 — the internal revenue service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
14 announced that the business standard mileage rate per mile is rising to 67. This document includes the optional 2024 standard mileage rates and details the maximum automobile cost for calculating the allowance under a fixed and variable rate (favr).