2024 Mileage Reimbursement Rate Chart. 14 announced that the business standard mileage rate per mile is rising to 67. * airplane nautical miles (nms) should be converted into statute miles (sms) or regular miles when submitting a voucher using the formula (1 nm equals 1.15077945 sms).

21 cents per mile for medical and moving purposes (down 1 cent from 2023). The irs’s latest guidance provides information on the 2024 standard mileage rates, crucial for calculating deductible automobile expenses related to business, charitable,.