Mileage Rate For 2024 Taxes 2024. Understanding these rates is crucial for accurate expense tracking and tax preparation. The 2024 mileage rate applies to all miles you drive starting january 1, 2024 through december 31.

67 cents per mile driven for business use, an increase of 1.5 cents from 2023. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.