Mileage Rate 2024 Indiana. — for example, if you travel 10,000 miles for business purposes in 2024, you can deduct $6,700 using the standard mileage rate (10,000 miles x $0.67). * airplane nautical miles (nms) should be converted into statute miles (sms) or.
— the 2024 irs mileage rates have been set at 67 cents per mile to accommodate the economic changes over the past year. You can use this mileage reimbursement calculator to determine the deductible costs associated with running a vehicle for medical, charitable, business, or moving.