2024 Mileage Rate For Taxes. 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. If you choose the detailed method to calculate meal expenses, you must keep your receipts and claim the actual amount that you spent.
Beginning on january 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: For 2024, the depreciation amount is 30 cents of the standard mileage rate of 67 cents per mile.