Current Irs Mileage Rate 2024 Comparison. 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. This is the rate that is commonly used by employers to reimburse employees who use their personal cars for business purposes.
The irs standard mileage rate for 2024 is set at 67 cents/mile for business use. In addition, on december 14, 2023, the irs published the standard mileage rates for 2024 as follows:
Current Irs Mileage Rate 2024 Comparison Images References :