2024 Mileage Reimbursement Rate

2024 Mileage Reimbursement Rate. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is, 1 april.


2024 Mileage Reimbursement Rate

According to the irs, the mileage rate is set yearly “based on an annual study of the fixed and variable costs of operating an. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year.

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