0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is 2009 IRS gas mileage rate?
The 2009 IRS gas mileage rate is 58.5 per mile.
What is the 2015 IRS mileage reimbursement rate for China?
There's no legal mileage reimbursrement rate, it is negotiated on a case by case basis in each company.
What is mileage reimbursement rate for IL?
The IRS standard mileage reimbursement is $0.55 per mile. I believe it's the same for all 50 states.
What is the current IRS gas mileage for 2012?
.555 is the current reimbursement rate if you are using your own car.
IRS gas mileage allowance for 2007?
According to the IRS website, http://www.irs.gov/taxpros/article/0,,id=156624,00.html) the standard mileage rate for 2007 was $.485. The amount for July 31 to Dec 31 of this year is $.585!
How much should you charge per mile for driving for your job?
The IRS mileage rate is 55.5 cents per business mile.
When reimbursing an employee for vehicle use during business hours do you have to use the standard mileage rate issued by the IRS for tax purposes?
You can use any rate you want if they agree to it.
What is mileage reimbursement rate in New Mexico?
The New Mexico Department of Finance and Administration set the mileage reimbursement rate at 43 cents effective January 1, 2017 for private conveyance utilized by employees of the Executive, Legislative, and Judicial District Attorneys agencies. The mileage reimbursement rate is set each year at 80% of the Internal Revenue Service standard mileage rate that was effective on January 1 of the previous year.
What is fair mileage reimbursement rate on 3500 heavy duty chev silverodo?
.51 cents per mile is what the IRS allows for business travel.
What is the current 2008 rate for gas mileage reimbursement?
The IRS announced that beginning July 1, the standard rate used to calculate the deductible costs of operating an automobile for business purposes will be increased to 58.5 cents per mile, the highest rate ever. The previous rate, set in the fall of 2007, is 50.5 cents per mile. The new rate will be in effect until Dec. 31. The IRS normally updates mileage rates once in the fall for the next calendar year.
Does a job have to pay you gas money by law if you drive your own car?
Usually, an employer will request that you record your mileage when performing business functions. The mileage is then multiplied by the current IRS standard mileage rate and an expense check is issued on payday. The current IRS standard mileage rate (2007) is 48.5 cents per mile driven for business purposes. This is, of course, optional for your employer. The employer does not necessarily have to utilize the current mileage rate or reimburse you. Review your previous tax return and you'll notice a section for unreimbursed mileage. I recommend discussing the issue further with your HR representative to better determine what methods of reimbursement,if any, exist in your company.
When will the IRS increase the mileage rate in 2008?
In recognition of increasing gasoline prices, the IRS has announced an increase in the optional standard mileage rates for the second half of 2008. The standard mileage rate for business miles driven from July 1, 2008, through December 31, 2008, will be 58.5 cents per mile, an increase of eight cents over the rate for the first half of the year. The standard mileage rate for medical and moving expenses has been increased to 27 cents per mile from 19 cents per mile. The standard mileage rate for charitable purposes, however, remains unchanged at 14 cents per mile. Rev. Proc. 2007-70, I.R.B. 2007-50, 1162, is modified.
