is mileage reimbursement taxable 2024

Wondering if mileage reimbursement is taxable in 2024? Generally, reimbursements that meet IRS accountable plan requirements are not taxable. This guide explains how mileage reimbursements for business travel, based on the IRS standard mileage rate of 67 cents per mile in 2024, can be tax-free. Learn the conditions for tax-free reimbursement, including business connection, substantiation, and timely return of excess payments. Stay compliant with IRS rules and understand when mileage reimbursement may be taxable for your business or personal taxes.