2024 Mileage Rate Irs Increase. 67 cents per mile driven for business use, up 1.5 cents from 2023. The irs announced an increase of the optional standard mileage rates for 2024.

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. Here is what you need to know.