Mileage Rate Change, January 1, 2024

Summary

The standard business mileage rate for Travel expenses has changed effective January 1, 2024.

Full Description

The standard business mileage rate for Travel expenses has changed. Beginning on January 1, 2024, the standard mileage rates are:

* 67 cents per mile for business miles driven

* 24.6 cents per mile for fleet rate- remains the same

The rates have increased from the 2023 rates. We will begin to apply this rule for all Travel commencing on January 1, 2024.