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2024

2024 Mileage Reimbursement Rules

2024 Mileage Reimbursement Rules. Mileage reimbursement is a form of compensation businesses provide their employees for using personal vehicles at work. * airplane nautical miles (nms) should be converted into statute miles (sms) or regular miles when submitting a voucher using the formula (1 nm equals 1.15077945 sms).


2024 Mileage Reimbursement Rules

As the name suggests, reimbursements are. The irs sets a standard mileage rate each year to simplify mileage reimbursement.

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