Mileage Reimbursement Policies?

Answer The Internal Revenue Service annually publishes standard mileage rates that businesses can use to reimburse an employee in the event he uses his vehicle for commercial purposes. Consumers can also ... Read More »

Top Q&A For: Mileage Reimbursement Policies

How to Calculate Gas Mileage for Reimbursement?

While many people know that they can deduct mileage driven for business purposes, they may not know that they can also deduct mileage for charitable work as well as medical and moving expenses. Eac... Read More »

Is mileage reimbursement taxable?

Mileage reimbursements occur when an employee or contractor is paid for the miles driven on his personal vehicle. Taxes do not have to be paid on mileage reimbursements. The Internal Revenue Servic... Read More »

How do I calculate gas mileage for reimbursement?

Multiply the number of miles driven by the mileage rate you are being paid. In most instances, the mileage rate will be set by the Internal Revenue Service, which is $.50 per mile driven for busine... Read More »

Is gas mileage reimbursement tax deductible?

If you are self-employed or own a business then gas mileage is tax deductible for any miles driven for business purposes. As of tax year 2009 the standard rate of deduction is 55 cents per mile, in... Read More »