2024 Mileage Reimbursement Rate Chart. Irs mileage reimbursement 2024 rate chart daron emelita, 67 cents per mile driven for business use, an increase of 1.5 cents from 2023. The following lists the privately owned vehicle (pov) reimbursement rates for automobiles, motorcycles, and airplanes.
The mileage reimbursement rate for all travel expenses incurred on or after january 1, 2024, has risen to 67 cents per mile. 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,.