What is the 2024 federal mileage reimbursement rate? The automobile allowance rates for 2024 are:
The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. The charitable rate is not indexed and remains 14 cents per mile.
* Airplane Nautical Miles (Nms) Should Be Converted Into Statute Miles (Sms) Or Regular Miles When Submitting A Voucher Using The Formula (1 Nm Equals 1.15077945 Sms).
The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last year.
70¢ Per Kilometre For The First 5,000 Kilometres Driven;
The internal revenue service (irs) has released the optional standard mileage rate for 2024.
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The 2024 Mileage Rate Will Apply To All Driving Done Starting January 1, 2024.
According to the irs, the mileage rate is set yearly “based on an annual study of the fixed and variable costs of operating an automobile.” here are the mileage rates for the year 2024: