Depreciation In Standard Mileage Rate 2024. What is the irs rule for mileage reimbursement? For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile.

 — the portion of the business standard mileage rate treated as depreciation is 27 cents per mile for 2020, 26 cents per mile for 2021 and 2022, 28 cents per mile for. 14 announced that the business standard mileage rate per mile is.