Standard Mileage Reimbursement Rate 2024. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year. The increase began on january 1 and raised the rate from.

Car allowance and mileage reimbursement are two very different methods of compensation for employees using their vehicles for work. Approved mileage rates from tax year 2011 to 2012 to present date.