Aaa Mileage Rate 2024. For example, if a business chooses to use 2024’s mileage rate, they will reimburse their employee 67 ($0.67). The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024.
The increase goes into effect jan. Dearborn, mich., (september 12, 2024) — this year’s your driving cost (ydc) study reveals that the total cost to own and operate a new vehicle is $12,297 or $1,024.71 monthly, an.