Standard Business Mileage Rate 2024. The new rate kicks in beginning jan. 67 cents per mile driven for business use, up 1.5 cents from 2023.

67 cents per mile, up 1.5 cents from 65.5 cents in 2023. The portion of the business standard mileage rate treated as depreciation is 27 cents per mile for 2020, 26 cents per mile for 2021 and 2022, 28 cents per mile for 2023, and 30.