2024 Mileage Reimbursement Rate Mn. Irs mileage rate effective january 1, 2024. The following lists the privately owned vehicle (pov) reimbursement rates for automobiles, motorcycles, and airplanes.
For business use, the standard mileage rate has been increased to 67 cents per mile, up 1.5 cents from 2023. 67 cents per mile driven for business use, up 1.5 cents from 2023.