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What is the Federal Mileage Rate?

 

IRS-set federal mileage rates are used to calculate the deductible costs of driving a car for moving, business, charitable, or medical purposes. Standard mileage rates will be as follows in 2024:

 

  • Business miles driven: 65.5 cents per mile
  • Medical or moving purposes: 22 cents per mile
  • Charitable organizations: 14 cents per mile

 

Since these rates can change every year, it is a good idea for you to consult a tax expert or check the IRS website to see the latest rates.

 

What is the Current Federal Mileage Rate?

 

The federal mileage rates in 2024 are:

 

  • 67 Cents per Mile For Business Use (up 1.5 cents since 2023)
  • 21 Cents per Mile For medical or moving reasons for active-duty military members who qualify (down by 1 cent since 2023)
  • 14 Cents per mile for charitable organizations (unchanged).

 

These rates apply to all types of vehicles, including electric and hybrid cars ​(IRS).

 

Also See: Federal Income Tax Withholding (FITW)

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