State Mileage Rate For 2024. Under current law, the state's mileage reimbursement rate is $0.18 cents per mile, adjusted biannually to reflect changes in gasoline prices. This means that for every mile you drive.
Annual appropriations acts have adjusted this. The standard mileage rate set by the internal revenue service is 67 cents per mile for 2024, an increase of 1.5 cents from the 2023 rate.
1, 2024, To $0.67 Per Mile.
The internal revenue service announced a new standard business mileage rate effective january 1, 2024.
Annual Appropriations Acts Have Adjusted This.
January 25, 2024 last updated.
Effective January 1, 2023, The Mileage Rate Is 65.5 Cents Per Mile.
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This Document Provides A Breakdown Of Reimbursement Rates For Mileage In Standard Rate Locations.
* airplane nautical miles (nms) should be converted into statute miles (sms) or regular.
The Internal Revenue Service Announced A New Standard Business Mileage Rate Effective January 1, 2024.
Effective january 1, 2024, the mileage rate is 67 cents per mile.