2024 Mileage Reimbursement Amount 2024. Every year the commissioner of the inland revenue sets the motor vehicle kilometre expense rates for businesses. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile.
The increase began on january 1 and raised the rate from. 14 announced that the business standard mileage rate per mile is.
This Is An Allowance Your.
The following are mileage reimbursement rates for different purposes:
* 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.
As Of January 1, The Standard Mileage Rates For 2024 Are As Follows:
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67 Cents Per Mile Driven For Business Use, Up 1.5 Cents.
* 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.