Mileage Reimbursement – 2024. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or. As of 2024, the guidelines are as follows:

Effective january 1, 2024, the mileage reimbursement rate changed from 65.5 cents to 67 cents per mile as directed by internal revenue service (irs). For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile.