As of Jan 1, 2008 it is $0.505 per mile.
The IRS standard mileage reimbursement is $0.55 per mile. I believe it's the same for all 50 states.
The mileage reimbursement policy for work-related travel typically involves employees being compensated for the distance they travel using their personal vehicle for work purposes. The reimbursement rate is usually based on the standard mileage rate set by the IRS, which is meant to cover gas, maintenance, and wear and tear on the vehicle. Employees are required to track their mileage and submit a reimbursement request to their employer for approval.
.505 per mile for cars. it is less for motorcycles
To properly expense mileage for work, keep a detailed record of your business-related trips including the date, starting and ending locations, purpose of the trip, and total miles driven. Use the standard mileage rate set by the IRS to calculate your reimbursement. Submit this information to your employer or accounting department for reimbursement.
Mileage can be considered a fringe benefit when an employer reimburses employees for business-related travel expenses. This reimbursement often exceeds the actual cost incurred by the employee, providing them with additional financial advantages. However, if the reimbursement is in line with IRS guidelines, it may not be classified as taxable income. Ultimately, whether mileage is treated as a fringe benefit depends on the specifics of the reimbursement policy and tax implications.
Effective for 2008 the Illinois mileage reimbursement rate is: .505
The 2009 mileage reimbursement rate in Illinois is .55 per mile.
Business mileage reimbursement is set by the Internal Revenue Service, a federal agency. The 2009 rate is .55/mile.
On 1/1/2011 or there after it is .51 cents per mile.
mileage rate in france
What is the 2009 federal law current rate for gas mileage reimbursement rate?
The mileage reimbursement rate for the state of Kansas is 50.5.
Reimbursement rates for business travel in your own vehicle are set by the Internal Revenue Service. See related links for details.
50.5 cents is the government recommended mileage reimbursement for North Carolina.
The mileage rate for Indiana as of 2008 is 44 cents per mile
$.58.5
.51