2024 Government Mileage Reimbursement. What is the federal mileage reimbursement rate for 2024? According to the irs , the mileage rate is set yearly “based on an annual study of the fixed and variable costs.
The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. New standard mileage rates are:
Privately Owned Vehicle (Pov) Mileage Reimbursement Rates Gsa Has Adjusted All Pov Mileage Reimbursement Rates Effective January 1, 2024.
Rates and allowances for travel including mileage and fuel allowances.
67 Cents Per Mile For Business Purposes;
The 2024 irs standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents per mile for moving or medical.
64¢ Per Kilometre Driven After That;
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You Can Calculate Mileage Reimbursement In Three Simple Steps:
The 2024 medical or moving rate is 21.
For 2023, The Standard Mileage Rate For The Cost Of Operating Your Car For Business Use Is 65.5 Cents ($0.655) Per Mile.
67 cents per mile for business travel.
According To The Irs , The Mileage Rate Is Set Yearly “Based On An Annual Study Of The Fixed And Variable Costs.