What Is The Current Mileage Rate For 2024 In Nj. What is the federal mileage reimbursement rate for 2024? Under current law, the state's mileage reimbursement rate is $0.18 cents per mile, adjusted biannually to reflect changes in gasoline prices.

The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. In addition, on december 14, 2023, the irs published the standard mileage rates for 2024 as follows: