Mileage Rate 2024 Nc. Please note that these mileage rates are applicable to the use of private vehicles, as denoted by general services administration: 1, 2024, the irs increased the business standard mileage rate to 67 cents a mile (up from 65.5 cents), which impacts all individuals who travel on university business.
The following lists the privately owned vehicle (pov) reimbursement rates for automobiles, motorcycles, and airplanes. For tax year 2024, the standard mileage rates for the use of a vehicle (including vans, pickups or panel trucks) will be: