2024 Mileage Rate Per Mileage Rate

2024 Mileage Rate Per Mileage Rate. Understand how these rates will affect your deductions for business, medical, moving, or charitable driving. The following lists the privately owned vehicle (pov) reimbursement rates for automobiles, motorcycles, and airplanes.

Washington — the internal revenue service today issued. The irs increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 67 cents per mile driven, up 1.5 cents.