2024 Mileage Rate Reimbursement Rate. Learn how to use these rates to reimburse employees who use their own cars for work and how to capture receipts with. Learn about the updated kilometre rates for businesses and employees for the 2024 income year, published by inland revenue on 30 may 2024.

Mileage reimbursement rates take into account not only the cost of gas, but also expenses such as oil, tires, registration taxes, car insurance, maintenance, and depreciation. 1, 2024, the standard mileage rate for the business use of an automobile will be 67 cents a mile, an increase of 1.5.