The irs has set the 2024 standard mileage rate for. On december 14, 2023, the agency announced the following rates for 2024 business travel:
So if one of your employees drives for 10 miles, you would reimburse them $6.70. The irs also announced its current mileage rate, which is 67 cents per mile for business purposes in the year 2024.
The Mileage Reimbursement Is For The Use Of Cars Such.
Next, check with the dir (department of industrial relations) to find out what the current mileage reimbursement rate is in california.
The University Of California's Mileage Reimbursement Rates For Expenses Incurred In Connection With The Business Use Of A Private Automobile Increased In.
The california state university mileage rate for calendar year 2024 will be 67 cents per mile, which is an increase from the 2023 rate of 65.5 cents per mile.
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2024 Mileage Reimbursement Rate California.
According to the irs, the mileage rate is set yearly “based on an annual study of the fixed and variable costs.
The Irs Also Announced Its Current Mileage Rate, Which Is 67 Cents Per Mile For Business Purposes In The Year 2024.
The irs also announced its current mileage rate, which is 67 cents per mile for business purposes in the year 2024.