2024 Mileage Deduction Rate Chart. However, there has been continuous demand to increase this limit, as the. Tax deduction at source (tds) means collecting tax on income in the form.

Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023. Beginning on january 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: