Standard Mileage Deduction 2024. On december 14, 2023, the irs issued the standard mileage rate for 2024, which will be 67 cents per mile for business use, up 1.5 cents from 2023. The irs has announced the standard mileage rates for the use of a car, van, pickup, or panel truck for the year 2024.

The standard mileage deduction rose to 67 cents per mile, up 1.5 cents from 2023. This was a three cent increase from the second half of 2022, when the rate was 62.5.