Federal Law Alert & Updates for 2024: IRS Mileage Rate, OSHA
Reporting, and Federal Contractor Minimum Wages
The following federal law changes took effect on January 1, 2024.
IRS MILEAGE REIMBURSEMENT RATE
The IRS standard mileage rate will be 67 cents per mile driven for business purposes (up from 65.5 cents in 2023). This rate also applies to electric and hybrid vehicles.
Use of this rate is optional, though it’s widely accepted as an easy and...