Standard Mileage Deduction 2024. The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a car. The mileage reimbursement rate slightly changes from year.
The irs has announced the 2024 standard mileage rates. 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.