2024 Mileage Reimbursement Rate Form. The increase began on january 1 and raised the rate from 65.5 cents. According to the irs, the mileage rate is set yearly “based on an annual study of the fixed and variable costs of operating an automobile.” here are the mileage rates for the year.

67 cents per mile driven for business use, up 1.5 cents from 2023. The irs provides specific guidelines on mileage reimbursement to ensure consistency and fairness.