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The IRS sets a rate that is used for determining the deductibility of business use for your personal vehicle. Many companies will use that rate when reimbursing their employees for usage of their own car. Currently, for 2007, that rate is 48.5 cents. You can learn more at http://www.irs.gov/newsroom/article/0,,id=163828,00.html. The IRS sets a rate that is used for determining the deductibility of business use for your personal vehicle. Many companies will use that rate when reimbursing their employees for usage of their own car. Currently, for 2007, that rate is 48.5 cents. You can learn more at http://www.irs.gov/newsroom/article/0,,id=163828,00.html. Employers are not mandated to reimburse for mileage. The IRS does permit an employer to reimburse for mileage expense up to a specific amount tax free. Typically this rate is adjusted annually, except in the situations of agressively increasing fuel costs. The rate for 2009 is 55 cents per mile. CompanyMileage.com
What else can I help you with?
Is there a set mileage rate a company should pay when you use your vehicle in South Africa?
Prescribed rate per Km dated back to 2010 is R3.05.
What is the mileage rate if employee uses a company car?
generally nothing. Mileage is usually only paid when an employee uses their personal vehicle for company travel.
What is the rates for mileage for travel when gas is reimbursed?
The rate for mileage and for gas are completely different and is dependent upon the company in which you work. Gas is considered an expense and as such receipts for gas should be submitted to your company and you should be reimbursed for the actual amount of gas purchased if they don't pay mileage. Mileage includes everything from gas to wear and tear on your vehicle and the insurance you pay on your car. The current dollar rate per mile in the U.S. is 48 cents. That's also the amount you can claim on your taxes if you're not paid for gas or mileage by the company.
Is it legal for a company to decrease your mileage rate of 585 after you already received it for a few months?
Since a company is generally not required to pay you any mileage, the rate would be at their discretion. You should contact an attorney in your area for more specific information,
What is the mileage rate in china?
There's no legal mileage reimbursrement rate, it is negotiated on a case by case basis in each company.
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 the rate paid for mileage reimbursement if gas is provided by the company?
If gas is provided by the company, the mileage reimbursement rate typically reflects only the vehicle's wear and tear and other associated costs, excluding fuel expenses. This rate can vary by organization but often aligns with IRS guidelines, which may be around 14 cents per mile for business purposes. However, companies may have their own policies, so it's best to check with the specific organization for their reimbursement rate.
What is the average mileage reimbursement rate in Georgia?
As of 2014 the average mileage reimbursement in Georgia is 56 cent per mile. Mileage allowance changes often and can vary by company.
How much should a person charge for mileage?
A person should charge for mileage based on the standard mileage rates set by the IRS, which is updated annually. As of 2023, the rate is 65.5 cents per mile driven for business purposes. Additionally, factors such as vehicle maintenance, fuel costs, and local cost of living can also influence the rate. It's important to ensure that the charge is fair and transparent to the parties involved.
California gas mileage reimbursement rate to use your personal vehicle for business?
Is my employer by law to pay me for mileage if he requires me to go to another site he owns to pick up company supplies in my personal vehicle? Also would he be liable if I get into an accident while doing pick ups and deliveries for him because he refuses to have the supplies delivered to our store.
Is there a standard mileage reimbursement rate in the UAE if so what is that rate?
The mileage rate in UAE is between 2 AED to 3 AED. The international comapnies calculate this rate based on their respective countries. The company I work for pay 2.50 AED per KM.
What is the mileage reimbursement rate in France?
mileage rate in france
