Standard Mileage Rate 2024 Calculator. The internal revenue service (irs) has released the optional standard mileage rate for 2024. For 2024, the irs' standard mileage rates are $0.67 per mile for business, $0.21 per mile for medical or moving, and $0.14 per mile.
To calculate the travel fee for a trip using the irs standard mileage rate, multiply the total miles driven for the trip by the applicable mileage rate (67 cents for. Use mileagewise’s free mileage reimbursement calculator for 2024 to get the figure you are entitled to in mileage tax deduction.