Irs Mileage Rate 2024 California. Adopt the mileage reimbursement rate suggested by the irs or by the california department of human resources (which for 2024 is $0.67 per mile), or agree. So if one of your employees drives for 10 miles, you would reimburse them $6.70.
The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. So if one of your employees drives for 10 miles, you would reimburse them $6.70.
Organizations With Employees Who Drive To.
65.5 cents per mile for business.
Find Answers To Your Questions About Mileage Reimbursement In California, Ensuring Compliance With State Regulations And Fair Compensation.
Starting december 1, 2023, the sales tax rate for rentals will drop to 4.5% from 5.5%.
What Are The Requirements For Mileage Reimbursement In California?
Images References :
New Irs Mileage Rate For 2024.
The standard mileage rate for business purposes is set at 62.5 cents per mile, while for medical or moving purposes, it stands at 58.5 cents per mile.
The New Rate Will Be Applied To All Rental Payments, Regardless Of Any Advanced Payments.
The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023.