In mid-December, the IRS announced mileage rates for 2024; read IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents a mile, up 1.5 cents from 2023 for all the deets.
Starting the first of January, the standard mileage rate for business use is 67¢/mile and 21¢/mile for service to nonprofit organizations. The rate for “medical or moving purposes for qualified active-duty members of the Armed Forces” is 14¢/mile. The rates apply to several vehicle types: automobiles, vans, pickup trucks, and panel trucks. The rates also to apply to EV, hybrid, and traditionally powered vehicles.