2024 Mileage Deduction Rate Schedule

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2024 Mileage Deduction Rate Schedule. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023. This rate reflects the average car operating cost, including gas, maintenance, and depreciation.


2024 Mileage Deduction Rate Schedule

New standard mileage rates are: For business travel, it is 67 cents per mile (up from 65.5 cents per mile in 2023).

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