Mileage 2024 Rate. Meal and vehicle rates used to calculate travel expenses. The internal revenue service (irs) establishes standard mileage rates each year to simplify the process of calculating deductible costs of operating an automobile for.

The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. 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.