Gloria Cassaundra

How To Calculate Mileage 2024. To calculate vehicle allowance amounts provided by employers using the cra mileage rate, multiply an employee’s total business kilometres driven during a given tax year. To calculate mileage reimbursement for 2024, you will need the total miles and the most recent reimbursement rate.

To calculate vehicle allowance amounts provided by employers using the cra mileage rate, multiply an employee’s total business kilometres driven during a given tax year. For 2024, the irs has set the mileage rate at 67 cents per mile for business use.