Mileage 2024 Business. To use the standard mileage method, keep track of the miles you drive for business throughout the tax year and multiply that number by the standard mileage rate. The irs increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 67 cents per mile driven, up 1.5 cents.

17 rows find standard mileage rates to calculate the deduction for using your car for. At the end of last year, the internal revenue service published the new mileage rates for 2024.