Irs Mileage Rate 2024 Calculator. Finance minister nirmala sitharaman also simplified the capital gains taxation by introducing flat rate of 20. This year, the irs raised the mileage rate for 2024 to 67 cents per mile, which is 1.5 cents more than the previous year’s rate of 65.5 cents per mile.

Simply enter the relevant information, and the calculator will do the rest. Select the tax year you want to calculate for and enter the miles driven to see how much money you can get back.