2024 Mileage Rates Released

by Mike Radich, CPA, MSTJan 3, 2024

2024 Mileage Rates Released

The IRS issues 2024 mileage rates

Reimbursement for work will increase to 67 cents per mile, up 1 ½ cents over 2023. Medical travel is reimbursed at 21 cents per mile (down 1 cent). Driving for charity is worth 14 cents per mile plus parking and tolls.

The standard mileage rates 2024, essential for calculating deductible costs associated with operating vehicles for various purposes, are effective from January 1, 2024.

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