What Is The Mileage Rate For 2024. The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. The 2023/2024 kilometre rates have been published.
The rate for medical or moving purposes in 2024 decreased to 21 cents. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
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