Mileage Reimbursement Rate 2024 Value. Rates are reviewed on a quarterly basis. This represents a 1.5 cent.

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,. * 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.