Business Mileage Rate 2024 Forecast. Effective january 1, 2024, the standard mileage rate for business vehicle use has increased to 67 cents per mile, up from the 2023 rate of 65.5 cents per mile. The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024.
In this year’s survey, 67% of current homebuyers say they put off buying a home in 2023 because they were waiting for mortgage rates to fall. The optional standard business mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in.
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