Rbi monetary policy 2024 highlights: Effective january 1, 2024, state travel reimbursement rates for lodging and mileage for automobile travel, as well as allowances for meals, shall be set at the maximum rates.
* 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). Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024.
67 Cents Per Mile For Business Purposes (Up 1.5 Cents From 2023).
The irs 2024 mileage rates for using a vehicle for business purposes are:
Kept The Repo Rate Unchanged At 6.5 Percent For.
It is based on the federal government general services.
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Current Mileage Rate (2024) The Irs Standard Mileage Rates For 2024 Stand At:
Beginning on january 1, 2024, the standard mileage rate for the use of a car (also vans, pickups or panel trucks) is 67 cents per mile driven for business use, which is up 1.5.
It Is Based On The Federal Government General Services.
The general services agency (gsa) has released new rates for reimbursement of privately owned vehicle (pov) mileage for 2024.