Casey Kristine

Mileage Rate 2024 Reimbursement. The irs sets a standard mileage rate each year to simplify mileage reimbursement. Here’s the cra’s automobile allowance rates for the past five years:

Businesses are responsible for setting their own travel budgets (including meal expenses, lodging rates, and mileage. At the end of last year, the internal revenue service published the new mileage rates for 2024.