Standard Mileage Rates

Standard mileage rates apply to the use of a personal vehicle for business purposes, to obtain medical care and for charitable purposes. In addition to using the standard mileage rate of 67¢ per mile for business purposes, a taxpayer may also deduct any business-related parking fees and tolls paid while engaging in deductible travel.

The standard medical mileage rate applicable in 2024 is 21¢ per mile. Although a taxpayer can also deduct any parking fees or tolls, regardless of whether actual expenses or the standard mileage rate is used, a taxpayer choosing to use the standard mileage rate is not eligible for a deduction for depreciation, insurance, general repairs or maintenance expenses.

A taxpayer may use the standard mileage rate applicable to the use of a personal vehicle for charitable deduction purposes. The standard mileage rate applicable to a taxpayer’s use of a personal vehicle for charitable purposes is based on statute and remains at 14¢ per mile.