2024 Federal Reimbursement For Mileage. 67 cents per mile, up 1.5 cents from 65.5 cents in 2023. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.
Rates are set by fiscal year, effective oct. Additionally, for those using their vehicles for moving or medical purposes, the rate is set by the irs at 22 cents per mile.
67 Cents Per Mile, Up 1.5 Cents From 65.5 Cents In 2023.
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Additionally, For Those Using Their Vehicles For Moving Or Medical Purposes, The Rate Is Set By The Irs At 22 Cents Per Mile.
The irs sets a standard mileage rate each year to simplify mileage reimbursement.
67 Cents Per Mile Driven For Business Use, Up 1.5 Cents.
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Find Current Rates In The Continental United States, Or Conus Rates, By Searching Below With.
At the end of last year, the internal revenue service published the new mileage rates for 2024.
New Standard Mileage Rates Are:
The new rate is set at 65.5 cents per mile, an adjustment from the previous year’s rate, reflecting changes in operational costs, such as fuel prices and vehicle maintenance expenses.