Mileage 2024 Michigan Auto

Mileage 2024 Michigan Auto. For 2024, the standard business mileage rate is 67 cents per mile, which is an increase from the 2023 rate of 65.5 cents per mile. The internal revenue service is boosting its optional standard mileage rate for 2024.

14, 2023 — the internal revenue service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The irs issued a slight increase in the standard mileage rates for business travel, effective january 1, 2024.