Depreciation On Mileage On 2024. This affects your tax deductions. The irs mileage rate in 2024 is 67 cents per mile for business use.
You can add parking fees and tolls to the mileage deduction if you choose this method. For 2024, the standard mileage rate is 67 cents per business mile (an increase from 65.5 cents in 2023).