The IRS just announced the per-mile reimbursement rates for 2024. Beginning January 1, 2024, here are the new rates for the following business categories:
- 67 cents per mile driven for standard business use [an increase of 1.5 cents from 2023].
- 21 cents per mile driven for qualified active-duty Armed Forces members for medical travel or for moving purposes [a decrease of 1 cent from 2023].
- 14 cents per mile driven in service of charitable organizations. [This rate is set by statute and remains unchanged from 2023.]
These rates apply to all types of vehicles: electric and hybrid-electric automobiles, gasoline and diesel-powered vehicles, vans, pickups, and panel trucks.