IRS Issues New Standard Mileage Rates for 2024

December 14, 2023

Beginning January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be:

  • 67 cents per mile driven for business use (up 1.5 cents from 2023).
  • 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces (a decrease of 1 cent from 2023).
  • 14 cents per mile driven in service of charitable organizations (same as the 2023 rate).

Standard mileage rates are used to calculate the deductible costs of operating a car for business, charitable, medical, or moving purposes. The rates apply to vehicles that are electric, hybrid-electric, gas, and diesel-powered.

(IRS Notice 2024-08)

Stop worrying about labor laws, and let Thread take the administrative work out of HR. Let us know how we can help!

Recommended For You

Full Moon Theory Culture Scott's Thoughts Engagement

Full Moon Theory

Scott Mastley July 10, 2025
Thread Launches New Division!

Thread Launches New Division!

Barbara Collins
Barbara Collins July 1, 2025