2024 Mileage Reimbursement Rate Mnet. Effective january 1, 2024, the mileage reimbursement rate changed from 65.5 cents to 67 cents per mile as directed by internal revenue service (irs). 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.
Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023. For 2024, the irs mileage reimbursement rate is set at 67 cents per mile.
