Tn Mileage Rate 2024. This document includes the optional 2024 standard mileage rates and details the maximum automobile cost for calculating the allowance under a fixed and variable rate (favr). Effective january 1, 2022, the mileage rate has increased to $0.585/mile.
As of january 1, 2024, personal car mileage is reimbursed at the approved state of tennessee rate of $0.67 per mile, which is automatically calculated in the car mileage expense item. Calculate your 2024 mileage reimbursement quickly and accurately.