2024 Mileage Rate Increase

2024 Mileage Rate Increase. The reimbursement rate for the use of a private automobile for university business travel will increase from 65.5 cents a mile to 67 cents a mile. The new 67 cents per mile rate is up from the previous year's 65.5 cents per mile, reflecting the rising costs of operating a vehicle for business purposes.


2024 Mileage Rate Increase

The bank has increased the lending rate by 5 bps on overnight tenure from 9.05% to 9.10% and for one month it has increased from 9.10% to 9.15%, an increase of 5 bps. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.

2024 Mileage Rate Increase Images References :