Mileage Reimbursement 2024. This rate includes costs such as fuel, maintenance, and depreciation. At the end of last year, the internal revenue service published the new mileage rates for 2024.

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. Use it for the business portion of the first 14,000.