Reimbursement Rate For Mileage 2024. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. The new irs mileage rates for 2024 are 67 cents per mile for business purposes (up from 65.5 cents per mile in 2023), 21 cents per mile for medical or moving.
The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. On december 14, 2023, the internal revenue service (irs) announced the 2024 standard mileage rate.