New standard mileage rates for 2024 have been released by the Internal Revenue Service (IRS). The rates are used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

Applicable rates for 2024 are as follows:

• Business use. The rate for business use of a vehicle is now set at 67 cents per mile (an increase from the 2023 rate).
• Active-duty Military Medical or moving purposes. The rate for those qualifying as active-duty members of the U.S. armed forces for medical or moving purposes is set at 21 cents per mile (a decrease from 2023).
• Charitable organizations. This rate remains unchanged at 14 cents per mile.

While there is no federal law mandating mileage reimbursement for employees, California, under Labor Code section 2802, requires employers to reimburse employees for mileage incurred in their employment.