What Is The Business Mileage Rate For 2024. The 2024 business mileage rate has increased to 65.5 cents per mile, a rise of 1.5 cents from the previous year. The type of vehicle you choose determines the mileage rate applied in the calculation.
1, 2024, the standard mileage rates for the use of a car, van, pickup or panel truck will be: Rates are reviewed on a quarterly basis.