2024 Mileage Rate Irs Increase. On june 9, the irs announced an increase in the standard mileage rate for the second half of 2022. The irs issued a slight increase in the standard mileage rates for business travel, effective january 1, 2024.
In this comprehensive guide, we’ll steer through the new 2024 irs mileage rates, delving into what they mean for you, how they compare to previous years, and. While minimum wages are increasing, the irs gave employees who drive for company business another present this holiday season: