Mileage Rate 2024 North Carolina. Washington โ the internal revenue service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for. The following lists the privately owned vehicle (pov) reimbursement rates for automobiles, motorcycles, and airplanes.
21 cents per mile driven for. 1, 2024, the irs increased the business standard mileage rate to 67 cents a mile (up from 65.5 cents), which impacts all individuals who travel on university business.