Federal Government Mileage Rate 2024 Opm. The current reimbursement is 67 cents per mile. The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023.
The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last. Opm approved that doi request on 05/22/2024.
What Is The Federal Mileage Reimbursement Rate For 2024?
Find standard mileage rates to calculate the deduction for using your car for business, charitable, medical or moving.
Vehicle Rates Are Based On A Monthly Lease And Mileage Charge, Which Includes All Maintenance And Fuel Expenses.
The following federal law changes take effect on january 1, 2024.
Compared To 2023, The Reimbursement Was 65.5 Cents.
Images References :
Irs Issues Standard Mileage Rates For 2024;
67 cents per mile driven.
The Current Reimbursement Is 67 Cents Per Mile.
The new rate is set at 65.5 cents per mile, an adjustment from the previous year’s rate, reflecting changes in operational costs, such as fuel prices and vehicle.
This Is Up 1.5 Cents From The 2023 Rate Of 65.5 Cents Per Mile.