2024 Mileage Rate Increase For 2021. The rate is now 67 cents per mile, which is 1.5 cents higher than the 2023 rate. The standard mileage rate will increase to 67¢ per mile for business miles driven beginning january 1, 2024,.
Effective january 1, 2024, the state rates are established as · $0.655 per mile for privately owned automobile · $0.635 per mile for privately owned motorcycle · $1.74 per mile for privately. On december 14, 2023, the internal revenue service (irs) announced an increase in the optional standard mileage rate for tax year 2024.
2024 Mileage Rate Increase For 2021 Images References :