IRS Releases Mileage Rates for 2024

December 15, 2023

The IRS increased its mileage rates for 2024. Learn how this may affect your mileage reimbursement policy.

At A Glance

The IRS has provided the standard mileage rates effective January 1, 2024.


Rates 7/1 to 12/31/23

Rates 1/1/2024


$0.655 cents per mile

$0.67 cents per mile


$0.22 cents per mile

$0.21 cents per mile


$0.14 cents per mile

$0.14 cents per mile


Mileage Rates Increased for 2024

For 2024, the standard mileage rate for business travel will be 67 cents per mile, an increase of 1.5  cents from the rate effective at the start of the year. The rate for deductible medical or moving expenses (available for active-duty members of the military) will decrease by 1 cent to 21 cents. These new rates become effective January 1, 2024. The IRS provided legal guidance on the new rates in Notice 2024-08.

The revised standard mileage rates apply to:

  • Deductible transportation expenses paid or incurred for business, medical, or moving expense purposes on or after January 1, 2024
  • Mileage allowances that are paid both to an employee on or after January 1, 2024
  • Transportation expenses paid or incurred by the employee on or after January 1, 2024.

Thank you for choosing Paylocity as your Payroll Tax and HCM partner. This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.

A Primer on Employee Mileage Reimbursement


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