2024 Mileage Reimbursement Rate. 17 rows the standard mileage rates for 2023 are: 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.

With the updated irs mileage reimbursement rate for 2024, federal employees should adopt best practices for tracking and reporting their business mileage. The new irs mileage rates for 2024 are 67 cents per mile for business purposes (up from 65.5 cents per mile in 2023), 21 cents per mile for.