Effective january 1, 2024 the new reimbursement rate is 67 cents per mile. Effective january 1, 2024, the mileage reimbursement rate for employees using private passenger vehicles for university business will increase from 65.5 cents.
In sum, the state of illinois’ mileage reimbursement rate for the use of personal vehicles will increase from 58.5 cents per mile to 62.5 cents per mile effective july 1, 2022. The mileage rate is 67 cents per mile effective january 1, 2024.
What Is The Illinois Mileage Reimbursement Rate For 2023?
1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
Mileage Reimbursement 2024 For Electric Vehicles Blisse Atalanta, Gsa Has Adjusted All Pov Mileage Reimbursement Rates Effective January 1, 2024.
Are employers required to pay for mileage in illinois?
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The Mileage Rate Is 67 Cents Per Mile Effective January 1, 2024.
According to the irs, the mileage rate is set yearly “based on an annual study of the fixed and variable costs.
Effective January 1, 2024, The Mileage Reimbursement Rate For Employees Using Private Passenger Vehicles For University Business Will Increase From 65.5 Cents.