2024 Mileage Rate Increase 2024. The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. 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.

The irs announced that the business standard mileage rate for transportation expenses paid or incurred beginning january 1, 2024, will be 67 cents per mile, up 1.5 cents from 65.5 cents per mile for 2023. The increase in the tier two rates as between 2023 and 2024 may have some scratching their heads, as rates have only increased by 1c across the board,.