2024 Mileage Rate Chart. The following lists the privately owned vehicle (pov) reimbursement rates for automobiles, motorcycles, and airplanes. The internal revenue service (irs) establishes standard mileage rates each year to simplify the process of calculating deductible costs of operating an automobile for.


2024 Mileage Rate Chart

The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. Unchanged at 14 cents per mile.

2024 Mileage Rate Chart Images References :