Irs Mileage Rate 2024 California. However, in response to increases in fuel prices, the irs recently announced on june 9, 2022, that it would increase the business travel rate to 62.5 cents per mile,. The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023.
21 cents per mile driven for medical or moving. So if one of your employees drives for 10 miles, you would reimburse them $6.70.
The Irs Standard Mileage Rate Will Be 67 Cents Per Mile Driven For Business Purposes (Up From 65.5 Cents In 2023).
Here's a breakdown of the current irs mileage reimbursement rates for california as of january 2024.
Beginning On January 1, 2024, The Millage Rate For Reimbursement For Business Use Will Increase To 67 Cents Per Mile.
So if one of your employees drives for 10 miles, you would reimburse them $6.70.
Irs Mileage Rate 2024 California Images References :
The 2024 Irs Mileage Rate Is As Follows:
California follows the irs standard mileage rates, with the 2024 rate set at 67 cents per mile.
The Irs Also Announced Its Current Mileage Rate, Which Is 67 Cents Per Mile For Business Purposes In The Year 2024.
Use this table to find the following information for federal employee travel:
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