2024 Mileage Rate Irs Increase. The irs announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. The 2024 irs mileage rates have been set at 67 cents per mile to accommodate the economic changes over the past.
The irs announced the new standard mileage rate for business use on 2024 tax returns, which will be 67 cents a mile, up from 65.5 cents for 2023. The irs announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes.