Typically, the federal mileage reimbursement rate changes each year.The standard mileage rate for 2025 is 70 cents per mile, up 3 cents from 2024’s rate of 67 cents per mile. But, there is no law stating employers must use this rate. Most businesses use the standard mileage reimbursement ...
MileIQ Team March 21, 2024Mileage reimbursement is a form of compensation businesses provide their employees for using personal vehicles at work. As the name suggests, reimbursements are based on distance traveled and can be completely tax-free if calculated using the standard mileage rate provided ...
For reimbursements to be tax-free, companies need to use standard mileage rates provided by the IRS. In 2024, it means that companies can issue tax-free reimbursements at the maximum rate of 67 cents per mile. Any vehicle reimbursement higher than that is considered taxable income. Still, com...
Today we'll explain everything you need to know about commuting mileage reimbursement. We’ll cover the difference between business miles and commuting miles, the IRS rules and regulations, and some most common scenarios. We’ll also show you how Timeero can help you manage your employees’ bu...
The IRS medical mileage rate for 2024 is 21 cents per mile.1IRS. “Standard mileage rates” Accessed March 26, 2024.It has changed from 22 cents per mile to 21 cents, a decrease of 1 cent from 2023. This means that when you take a trip related specifically to medical reasons, 21 cen...
Employee mileage reimbursement is tax-free for employers in California.However, this rule applies as long as your company’s mileage rate is not more than the current standard mileage rate issued by the IRS. As of 2025, the IRS mileage rate for business related travel is 70 cents per mile....
Reports on the reduction of the mileage reimbursement rate for use of privately-owned vehicles on official travel by the U.S. General Services Administration. Cost per mile for use of a privately owned airplane; Schedules for the effectivity of the new rates.EBSCO_bspContract Management...
If you drive your own car for work purposes and your employer pays you for the costs, whether the mileage reimbursement is taxed depends on various factors.
work-related driving, it might make sense to cap the amount of reimbursement that can be provided each year. Use a zero-dollar rate on the highest mileage rate tier for these employees, and when they've achieved the maximum reimbursement, the next rate tier will be at a zero rate. ...
TripLog specializes in all IRS-compliant mileage programs, including car allowance, smart mileage rates, fuel cards, and fixed and variable rate reimbursements. TripLog also includes every field required by the IRS, as well as the UK’s HMRC and Canada’s CRA. ...