Irs Mileage Rate 2024 Medical Reimbursement. The internal revenue service (irs) decreased the 2024 medical mileage rate to 21 cents per mile, but it raised the 2024 business standard mileage rate to 67. The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a car.
John, a freelancer, drives 1,000 miles for client meetings and is reimbursed by his clients at $0.60 per mile, totaling $600. The irs standard rate for 2024 is $0.58 per mile, so the.
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