Standard Mileage Deduction 2024. To use the standard mileage rate, you must own or lease the car and: The 2024 irs mileage rates have been set at 67 cents per mile to accommodate the economic changes over the past year.

Washington — 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 standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.