Standard Mileage Rate 2024 Tennessee. Reimbursement rates for travel > federal and state mileage rates. Standard mileage rates for 2024.
Beginning july 1, 2022, the standard mileage rate for business travel will be 62.5 cents per mile. Effective january 2, 2022, the tennessee workers’ comp mileage reimbursement rate increased from $0.47 per mile to $0.585 per mile.
Business, Charitable, Medical And Moving Rates.
This is an increase from the 2023 rate of 65.5 cents per mile.
These Are The Policies Which State Employees Must Adhere When Traveling On Official State Business.
The irs recently issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
The Internal Revenue Service Periodically Announces Changes In The Optional Standard Mileage Rate.
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As Of January 1, 2024, Personal Car Mileage Is Reimbursed At The Approved State Of Tennessee Rate Of $0.67 Per Mile, Which Is Automatically Calculated In The Car Mileage Expense Item.
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Switching between the actual expense and standard mileage rate methods.