Mileage Reimbursement 2024 Template . Especially if they regularly drive long distances and spend money on fuel. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile.
The standard mileage rate for 2024 is currently 67 cents per mile, which is up from 65.5 cents per mile in 2023. Mileage reimbursement is when a company pays an employee to recoup the costs of driving a personal vehicle for work purposes.
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