2024 Irs Mileage Reimbursement Rate. According to the irs, the mileage rate is set yearly “based on an annual study of the fixed and variable costs of operating an. At the end of last year, the internal revenue service published the new mileage rates for 2024.

For example, if you fly from new york to chicago for a business meeting, the cost of your flight is reimbursable. What is the 2024 federal mileage reimbursement rate?