Mileage Rate 2024 Ird. Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving. If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is, 1 april.

The irs is raising the standard mileage rate by 1.5 cents per mile for 2024. If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2023 year, being the year.