This rate also applies to electric and hybrid vehicles. This rate must be paid for travel on or after january.
The irs sets a standard mileage rate each year to simplify mileage reimbursement. If you need a medical mileage expense form for a year not listed here, please contact the information and assistance unit at your closest district office of the workers’ compensation appeals board.
You Can Utilize A Mileage Log To Give Or Get An Employer Reimbursement Or Tax.
What is the federal mileage reimbursement rate for 2024?
The 2023 Mileage Rate Was 65.5 Cents Per Mile Driven For Business Use.
Effective january 1, 2024, the mileage reimbursement rate changed from 65.5 cents to 67 cents per mile as directed by internal revenue service (irs).
Images References :
The Official Mileage Reimbursement Rate Is Advisory, And As A Company, You Can Choose To.
Depreciation limits on cars, trucks, and vans.
Whether You’re An Employer Compensating Staff For Business Travel Or A Self.
A sample form for an employee to request mileage reimbursement for business related travel.