IRS Announces 2024 Standard Mileage Rates

This morning, the IRS announced the 2024 standard mileage rates for automobile usage.  Those rates will be:

  • 67ȼ per mile for business use, up from 65.5ȼ per mile in 2023;
  • 21ȼ per mile for medical purposes, down from 22ȼ per mile in 2023; and
  • 14ȼ per mile for miles driven in service of charitable organizations (set by statute and unchanged for 2024).

I question how the annual study showed that any automobile expenses are less than in 2023, but the IRS conducts a study and that’s what the results show nationally.  Here in Nevada, costs have definitely risen from 2023 but “it is what it is.”

If you do use a car for business, remember to keep a mileage log (or use an app).


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