2024 Mileage Rate Reimbursement In India. — this notice provides the optional 2024 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. — on december 14, 2023, the internal revenue service (irs) announced the 2024 standard mileage rate.
The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. The irs mileage rate in 2024 is 67 cents per mile for business use.