2024 Mileage Reimbursement Rate

2024 Mileage Reimbursement Rate. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or. At the end of last year, the internal revenue service published the new mileage rates for 2024.

67 cents per mile driven for business use, up 1.5 cents. The irs has set the rate at 67 cents per business mile, an.