Standard Mileage Deduction 2024. โ the standard mileage deduction rose to 67 cents per mile, up 1.5 cents from 2023. On december 14, 2023, the irs issued the standard mileage rate for 2024, which will be 67 cents per mile for business use, up 1.5 cents from 2023.
The change will go into effect for the 2024 tax year on taxes filed in 2025. โ for 2024, the irs’ standard mileage rates are $0.67 per mile for business, $0.21 per mile for medical or moving, and $0.14 per mile.