2024 Mileage Rate Increase

2024 Mileage Rate Increase. July 2024 saw many automakers reporting a yoy decline in. The reimbursement rate for the use of a private automobile for university business travel will increase from 65.5 cents a mile to 67 cents a mile.

The 2024 business mileage rate has increased to 67 cents per mile, an increase of 1.5 cents per mile from 2023. Irs issues standard mileage rates for 2024;