What Is The Mileage Rate For 2024

What Is The Mileage Rate For 2024. 17 rows page last reviewed or updated: 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.

The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. 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.