Current Mileage Rate For 2024 Tax Year. Employees can keep track of their expenses and deduct the irs mileage rate times their mileage at tax time. * airplane nautical miles (nms) should be converted into statute miles (sms) or regular miles.

The internal revenue service (irs) has announced another increase in mileage rates for 2024 for driving a car for business, medical, and moving purposes. First 10,000 business miles in the tax year.