Current Mileage Reimbursement Rate 2024 Texas. State and federal mileage rates are available. The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024.
This means that for every mile your employees drive, you reimburse them $0.67. The standard reimbursement rate for 2024 is currently set to 67 cents per mile, which is 1.5 cents.
Under Texas Business Travel Regulations, There Is No Specific Mileage Reimbursement Rate.
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Texas State's Maximum Mileage Reimbursement Rate For 2023 Was 65.5 Cents Per Mile.
The irs sets a standard mileage rate each year to simplify mileage reimbursement.
Current Mileage Reimbursement Rate 2024 Texas Images References :
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The rate of 58.5 cents per mile will apply for travel dates prior to.
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