2024 Mileage Deduction Rates In India. The 2024 irs mileage rates have been set at 67 cents per mile to accommodate the economic changes over the past. The irs set the following standard mileage rates for 2024:

This notice provides the optional 2024 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business,. The irs is raising the standard mileage rate by 1.5 cents per mile for 2024.