2024 Mileage Reimbursement Rate Chart Usps. The internal revenue service has announced new mileage rates for 2024 for use in calculating reimbursements or deductions for tax purposes: This year, the irs raised the mileage rate for 2024 to 67 cents per mile, which is 1.5 cents more than the previous year’s rate of 65.5 cents per mile.
Calculating mileage reimbursement involves a few key steps: This rate also applies to electric and hybrid vehicles.
What Is The Current Mileage Reimbursement Rate For 2024?
See forever postage stamp prices and other postage rates.
* Airplane Nautical Miles (Nms) Should Be Converted Into Statute Miles (Sms) Or Regular Miles When Submitting A Voucher Using The Formula (1 Nm Equals 1.15077945.
The Ema Is 98.0 Cents Per Mile, Or A Minimum Of $39.20 Per Day, Whichever Is Greater.
* airplane nautical miles (nms) should be converted into statute miles (sms) or regular miles when submitting a voucher using the formula (1 nm equals 1.15077945.
Determine The Applicable Mileage Rate:
Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024.
