2024 Irs Mileage Deduction Rate. Here are the mileage rates for the year 2024: This means that taxpayers can deduct 65.5 cents for every mile they drive their personal vehicle for business purposes.

Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023. Incomes ranging from rs 10 lakh to rs 12 lakh incur a tax rate of 15.