Mileage Rate In 2024. The 2023/2024 kilometre rates have been published. Calculate the motor vehicle benefit using the reasonable allowances rate calculation.
Current mileage rate (2024) the irs standard mileage rates for 2024 stand at: 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.