Current Mileage Reimbursement Rate 2024 Ohio Bwc. May require companies to reimburse for certain other expenses, but not necessarily mileage. An official state of ohio site.
February 1, 2024 beginning on january 1, 2024, the standard mileage rates for the use of a personal vehicle is 67 cents per mile driven for business use. Ohio’s mileage reimbursement laws are like new york’s in that there is no specific rate that businesses are required to reimburse employees, but it is widely accepted that the irs standard rate is the proper rate to use.
The Internal Revenue Service (Irs) Determines This Figure Yearly By Looking At A Complex Web Of Factors, Including Economic Indicators, Fuel Prices, And.
This 3.9% rate reduction was made possible by declining injury claims and relatively low medical inflation costs by ohio’s.
Other States And Jurisdictions Like Iowa, Montana, New York, Pennsylvania, And Washington, D.c.
The responsibility for the content of this file/product is with the state of ohio bureau of workers’ compensation.
There Is No Rate Specific To Ohio;
Images References :
Mileage Reimbursement Rates Reimbursement Rates For The Use Of Your Own Vehicle While On Official Government Travel.
This information covers the period of july 1, 2023 through june 30, 2024.
Businesses Operating In The State Are Encouraged To Use The Federal Rate Of 65.5 Cents As A Guideline.
This 3.9% rate reduction was made possible by declining injury claims and relatively low medical inflation costs by ohio’s.
Those Rates Will Become Effective On July 1, 2024, At The Start Of The New Policy Year.
