Depreciation Mileage Rate 2024. The 2024 mileage rate applies to all miles you drive starting january 1, 2024 through december 31. The 2024 medical or moving rate is 21 cents per mile,.

The portion of the irs mileage rate that accounts for depreciation is 30 cents per mile in 2024 (up 2 cents from 2023). For automobiles a taxpayer uses for business purposes, the portion of the business standard mileage rate treated as depreciation is 27 cents per mile for 2020, 26 cents.