Mileage Rate For 2024 In Texas 2024. 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. At the end of last year, the internal revenue service published the new mileage rates for 2024.
As a texas employer, you can reimburse business mileage at $0.67 per mile in 2024, as set by the irs. Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024.