Daisi Edeline

2024 Mileage Rate Increase. In 2024, the monthly limitations for the qualified transportation fringe benefit and for qualified parking increases to $315, which is an increase of $15 from 2023. The increase goes into effect jan.

The irs has announced the new standard mileage rates for 2024. The deductible cost of operating a business automobile will see an increase of 1.5 cents per mile in 2024, as the optional standard mileage rate rises.