Current (2024) IRS Mileage Rate
- Business: $0.67
- Medical or Moving: $0.21
- Charitable Organization: $0.14
Source: IRS
What is the IRS Mileage Rate?
The IRS mileage rate is a set amount per mile that the IRS allows businesses to reimburse their employees for trips made using a personal vehicle.
This is a flat rate that is the same for all vehicles, including electric vehicles and pickup trucks.
What Does It Cover?
Included
- Depreciation
- Fuel (gas, electricity, etc.)
- Oil changes;
- Vehicle expenses (insurance, registration, etc.)
- Common maintenance due to wear and tear
Not Included
- Food
- Lodging
- Parking Fees
- Tolls
- Minor accidents or repairs
For the above-listed items, it is not an obligation but recommended for the employer to reimburse the employee.
How is it calculated?
Number of miles multiplied by current rate ($0.67) = amount ($)
Example
Dan is a company employee who needs to meet with a client in the next town. He drives to the client’s location, meets with him, and then returns directly to his business address.
In total, Dan drove 42 miles and ate lunch, which cost him $15.
- Driving: 42 miles multiplied by $0.67 = $28.14
- Lunch: The lunch reimbursement of $15 would only be reimbursed at the employer’s discretion. It is not a legal requirement.
Mileage Rates By Year
YEAR | BUSINESS | CHARITABLE SERVICE | MEDICAL & MOVING |
2024 | $0.67 (67 cents) | $0.14 | $0.21 |
2023 | $0.655 (65.5 cents) | $0.14 | $0.22 |
2022 | $0.585 (58.5 cents) | $0.14 | $0.17 |
2021 | $0.56 (56 cents) | $0.14 | $0.16 |
2020 | $0.575 (57.5 cents) | $0.14 | $0.17 |
2019 | $0.58 (58 cents) | $0.14 | $0.20 |
2018 | $0.545 (54.5 cents) | $0.14 | $0.18 |
2017 | $0.535 (53.5 cents) | $0.14 | $0.17 |
2016 | $0.54 (54 cents) | $0.14 | $0.19 |
2015 | $0.575 (57.5 cents) | $0.14 | $0.23 |
2014 | $0.56 (56 cents) | $0.14 | $0.235 |
2013 | $0.565 (56.5 cents) | $0.14 | $0.24 |
Source: IRS Standard Mileage Rates