Current Gas Mileage Reimbursement Rate 2024. Irs issues standard mileage rates for 2024; The standard mileage allowance (rate per mile multiplied by miles traveled) is intended to cover automobile expenses such as gas/fuel and lubrication, towing.

The irs has announced the standard mileage rates for the use of a car, van, pickup, or panel truck for the year 2024. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or.