2024 Mileage Rate Deduction 2024. To calculate vehicle allowance amounts provided by employers using the cra mileage rate, multiply an employee’s total business kilometres driven during a given tax year with the corresponding kilometric rate of ($0.70. The 2024 irs standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents per mile for moving or medical.
Can you deduct mileage for medical trips? For 2024, the standard mileage rate is 67 cents per business mile (an increase from 65.5 cents in 2023).