2024 Mileage Reimbursement Rate 2024. The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will remain at. 67 cents per mile driven for business use, up 1.5 cents.
Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024. With the updated irs mileage reimbursement rate for 2024, federal employees should adopt best practices for tracking and reporting their business mileage.