2024 Mileage Reimbursement Rate Form. Effective january 1, 2024, the mileage reimbursement rate changed from 65.5 cents to 67 cents per mile as directed by internal revenue service (irs). If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is, 1.

Mileage reimbursement = total business miles driven x reimbursement rate. Medical mileage rate in 2024.