Mile 2024 Irs

Mile 2024 Irs. The new irs mileage rates for 2024 are 67 cents per mile for business purposes (up from 65.5 cents per mile in 2023), 21 cents per mile for medical or moving. 67 cents per mile for business use.

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. On june 9, the irs announced an increase in the standard mileage rate for the second half of 2022.