Standard Mile Rate 2024. The applicable rates are as follows: Approved mileage rates from tax year 2011 to 2012 to present date.

Beginning on january 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: The irs increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 67 cents per mile driven, up 1.5.