Irs Business Mileage Rate 2024 Forecast. The irs has announced the standard mileage rate for 2024: The internal revenue service recently announced standard mileage rates for 2024.
The reimbursement rate has increased by 17% since 2020, going from 57.5 cents per mile in 2020. The irs last increased the mileage rate in 2023 by 3 cents per mile.