Depreciation In Standard Mileage Rate 2024. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last.
What are 2024โs irs standard mileage rates? Generally, the modified accelerated cost recovery system (macrs) is the only depreciation method that can be used by car owners to depreciate any car placed in service after 1986.