2024 Mileage Reimbursement Rate 2024. This rate change applies to all. The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last.
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,. On december 14, 2023, the internal revenue service (irs) issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile.