2024 IRS Mileage Allowance - Update

January 1, 2024

The IRS has announced the new standard mileage rates for 2024.  The standard mileage rate will increase to 67¢ per mile for business miles driven beginning January 1, 2024, up from 65.5¢ in 2023.

Additionally, the 2024 mileage rate for medical or moving purposes for qualified active duty members of the Armed Forces decreased to 21¢ per mile, down from 22¢ in 2023.

The mileage rate for driving an automobile for charitable purposes during 2024 will remain unchanged at 14¢ per mile.