WebThe current mileage reimbursement rate is 41.5 cents with a $3.00 deductible for each one-way trip or $6.00 for each round-trip. Upon reaching $18.00 in deductibles or six one-way (three round) trips, whichever occurs first, in a calendar month mileage reimbursement payments for the balance of that month will be free of deductible … WebJun 13, 2024 · Susan Tompor, Detroit Free Press. Gas prices at $5 a gallon and much higher have driven even the IRS to take notice. Beginning July 1, the Internal Revenue Service is pushing up its optional standard mileage rate for business use to 62.5 cents per mile. That's up 4 cents a mile from the current 58.5 cents a mile.

TRAVEL AND EMPLOYEE EXPENSE REIMBURSEMENT

WebNov 5, 2024 · Mileage reimbursement rates are not just for people who operate vehicles for work; this reimbursement can also be granted to anyone who flies a private aircraft, with the current reimbursement rate set at a generous $1.31. per mile. Another example is an employee of UC San Diego who loans out their personal vehicle to UC San Diego for … thick vinyl for shirts

MILEAGE RATES Rates effective 1/1/23 Witnesses - Michigan

WebJan 1, 2024 · For 2024, standard mileage rates for the use of cars, vans, pickups or panel trucks will be: 56 cents per mile driven for business use, down from 57.5 cents in 2024. … WebJan 23, 2024 · Get my location Current location. OR ... Privately Owned Vehicle (POV) Mileage Reimbursement Rates; Airplane* January 1, 2024: $1.74: If use of privately owned automobile is authorized or ... Standard mileage rates for moving purposes: January 1, 2024: $0.22 * Airplane nautical miles (NMs) should be converted into statute miles (SMs) … WebJun 9, 2024 · On June 9, 2024, the Internal Revenue Service issued Announcement 2024-13, increasing the optional standard mileage rate for the final six months of 2024 from … sailor moon sailor star healer