2024 Mileage Rate for pre-approved business travel

January 2024 update

The IRS recently announced that effective January 1, 2024, the standard mileage rate is 67¢ ($0.67) per mile.

HFC uses this rate as a basis for reimbursing employees for the pre-approved use of your vehicle for business purposes.

Please note: All approved conference-related travel by automobile should use the “Enterprise Car Rental Calculator” as indicated in the College Travel and Conference Reimbursement Procedure to determine the proper reimbursable amount.

Please use the 2023 rate of 65.5¢ to submit all approved requested reimbursements for travel from July 1, 2023 through Dec. 31, 2023.

If you have any milage reimbursement requests for July 1, 2023 - Dec 31, 2023, please submit them for approval now.

Effective January 2024, mileage reimbursement requests must be submitted on a separate form from December 2023 so the rates can be distinguished.

Mileage reimbursement requests should be submitted monthly.

Please contact Barbara Eisterhold with any questions at ext.9850 or via email at bjeisterhold@hfcc.edu.

Thank you.