2024 Mileage Reimbursement Rate Formula

2024 Mileage Reimbursement Rate Formula. To calculate the mileage reimbursement rate for 2024, use the formula: Reimbursement amount = total mileage x reimbursement rate.


2024 Mileage Reimbursement Rate Formula

The current medical or moving rate for 2024 is 21 cents per mile,. * 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.

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