Travel Mileage Rate 2025. Each year, the irs adjusts the mileage rate to reflect the costs of owning and operating a vehicle. 14, 2023 โ the internal revenue service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for.
This is an increase of 1 and a half cents from 2023 (up from 65.6 cents). The irs mileage rate for 2024 is 67 cents per mile driven for business use.
