Irs Increases Mileage Rate 2024. Irs issues new mileage rates for 2024 effective january 1, 2024, the business standard mileage rate for use of a car (including vans, pickup trucks and panel. 9, 2023 — the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax.

The internal revenue service announced an increase in the standard mileage rates when people use their vehicles for business use. The irs has increased the vehicle mileage rate for 2024 by 1.5 cents over the 2023 figure.