2024 Mileage Rate Reimbursement In India. Using the data collected from gps and fuel consumption sources, the mileage reimbursement calculator figures the actual mileage for each trip or vehicle. The internal revenue service (irs) issued their 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable,.

The irs sets a standard mileage rate each year to simplify mileage reimbursement. The 2024 standard mileage rate is 67 cents per mile, up from 65.5 cents per mile last year.