Il Mileage Rate 2024

Il Mileage Rate 2024. On january 1, 2024, the gsa announced that the mileage reimbursement rate will increase from 65.5 cents per mile to 67 cents per mile effective january 1, 2024. Mileage rate increases to 67 cents a mile, up 1.5 cents from 2023.

Illinois employers can adopt this mileage reimbursement rate, providing a fair and consistent method that aligns with state. Most companies opt for the standard mileage rate set by the internal revenue service (67 cents per mile for 2024).