2024 IRS Mileage Rate

Written By Morgan Boudreaux

Effective January 1, 2024, the deductible business use mileage rate has been increased from 65.5 to 67 cents per mile. 

At Business by the Book, we have updated our payroll procedure and templates for our current payroll clients to this new rate.

For more information, please see below for the IRS bulletin.

https://mn.gov/mmb/assets/20231220b_tcm1059-604595.pdf

If you have any questions regarding this information, please contact your Account Manager.

This post is meant for informational and educational purposes. It is not tax, legal, or financial advice. As always, Business by the Book recommends that you consult with your CPA regarding any tax questions. 

Morgan Boudreaux
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