2024 Mileage Reimbursement Form. Effective with the travel starting january 1, 2024, the mileage reimbursement rate for university travel is: Effective january 1, 2024, the mileage reimbursement rate changed from 65.5 cents to 67 cents per mile as directed by internal revenue service (irs).
As the name suggests, reimbursements are based on distance. The irs mileage rate in 2024 is 67 cents per mile for business use.