Mileage Rate 2024 Non Profit. For 2024, the business mileage rate is 67 cents per mile. This rate doesn’t change year over year.
64¢ per kilometre after that. This rate is determined based on the average costs associated with driving, including fuel, vehicle maintenance, insurance and depreciation.
This Adjustment Is In Response To Fluctuations In Gasoline Costs.
Previous budgets also highlighted significant funding for these infrastructure projects.
67 Cents Per Mile For Business Purposes.
The rate you should use for nonprofit employee mileage reimbursement is the business rate (in 2021, it’s 56 cents).
Mileage Rate 2024 Non Profit Images References :
Next, Is Medical Mileage At 18 Cents Per Mile, Substantially Less Than The Business Mileage Rate.
This is the rate you should reimburse volunteers at.
The Charitable Rate Is Not Indexed And Remains 14 Cents Per Mile.
Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.