Ca State Mileage Rate 2024. The irs adjusts this rate each year to reflect changes in vehicle maintenance costs, fuel prices, and general economic conditions. The california state university mileage rate for calendar year 2024 will be 67 cents per mile, which is an increase from the 2023 rate of 65.5 cents per mile.
Especially if they regularly drive long distances and spend money on fuel. Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024.
Beginning On January 1, 2024, The Millage Rate For Reimbursement For Business Use Will Increase To 67 Cents Per Mile.
This rate is made up of a base rate of 6%, plus a mandatory local rate of 1.25% that goes directly to city and county tax authorities.
67 Cents Per Mile Driven For Business Use, Up 1.5 Cents From 2023.
Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024.
Ca State Mileage Rate 2024 Images References :
For 2023, The Irs Set The Business Mileage Reimbursement Rate At 65.5 Cents Per Mile.
To calculate your mileage reimbursements, you simply need to multiply the standard mileage rate by the number of business miles taken.
67 Cents Per Mile Driven For Business Use, Up 1.5 Cents From 2023.
Especially if they regularly drive long distances and spend money on fuel.