Standard Mileage Rate 2024 Tennessee. 1, 2024, the standard mileage rate for the business use of a car (including vans, pickups, and panel trucks) is 67 cents 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 2023, and.

Beginning on january 1, 2024, the standard mileage rates for using a car (also vans, pickups or panel trucks) will be: The new rate kicks in beginning jan.