2024 Mileage Reimbursement Amount Worksheet. When using our template spreadsheet for mileage tracking, enter the reimbursement rate to get the proper results for total reimbursement. As of 2024, the irs mileage rate is 67 cents per mile for business use.
However, only 135 miles are reimbursable: The $1,160,000 limitation is reduced (but not below zero) by the amount by which the cost of section 179 property placed in service during the 2023 tax year exceeds $2,890,000.