Mileage 2024 Business Suite. Under current law, employees can’t deduct unreimbursed employee business expenses, such as business mileage, on their own income tax returns. 67 cents per mile driven for business use (1.5 cent increase from 2023).
With paycom’s payroll solution, employees can record mileage within the platform, streamlining tracking for expense and reimbursement. In the 2024 travel recap, global business travel spending is expected to hit a record us$1.5 trillion in 2024.