The internal revenue service (irs) governs mileage reimbursements across the united states, and,. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.
The rate is now 67 cents per mile for those using cars, vans, or trucks for business. According to the irs, the mileage rate is set yearly โbased on an annual study of the fixed and variable costs.
Effective January 1, 2024, The Mileage Reimbursement Rate For Employees Using Private Passenger Vehicles For University Business Will Increase From 65.5 Cents.
Update rate input factors for the rate methodology for intermittent cila ( intermittent cila (icila) services and supports.
67 Cents Per Mile Driven For Business Use, Up 1.5 Cents.
The new rate is 67 cents per mile, an increase of 1.5 cents from 2023.
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On January 1, 2023, The Gsa Announced That The Mileage Reimbursement Rate Will Increase From 62.5 Cents Per Mile To 65.5 Cents Per Mile Effective January 1, 2023.
The rate is now 67 cents per mile for those using cars, vans, or trucks for business.
Mileage Rate Increases To 67 Cents A Mile, Up 1.5 Cents From 2023.