Il Mileage Rate 2024

Il Mileage Rate 2024. The irs has approved an increase in the standard mileage rate for the new year 2024. On january 1, 2023, the gsa announced that the mileage reimbursement rate will increase from 62.5 cents per mile to 65.5 cents per mile effective january 1, 2023.

Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024. 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.