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Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: * 55 cents per mile for business miles driven * 24 cents per mile driven for medical or moving purposes * 14 cents per mile driven in service of charitable organizations
What else can I help you with?
What is the 2009 federal law current rate for gas mileage reimbursement rate?
What is the 2009 federal law current rate for gas mileage reimbursement rate?
What is the mileage reimbursement rate for the state of Oregon?
As of 2023, the mileage reimbursement rate for the state of Oregon is set at 65.5 cents per mile. This rate is based on the standard mileage rate established by the IRS and is applicable for business-related travel. It's advisable to check for any updates or changes to this rate, as it can vary annually.
What is the average mileage reimbursement rate in Alberta?
The Provincial Government of Alberta mileage rate, as of October 25, 2010, is 0.505 cents per km.
What is the Federal mileage allowance for car travel to and from medical appointments What is the Federal allowance for volunteer work?
What is the federal mileage allowance for car travel to work with non-profit organizations? What if I am a for-profit busiiness hired to work for a non-profit? Do they pay the non-profit rate or the business rate? 20
What is the 2012 federal gas mileage reimbursement?
Business mileage rate .55 cents Moving & Medical rate .23 cents Charitable mileage rate .14 cents
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.
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 federal mileage allowance for 2011?
For 2011, the federal mileage reimbursement rate was set at 51 cents per mile for business use of a vehicle. This rate was adjusted mid-year, increasing to 55.5 cents per mile starting on July 1, 2011. The rate applies to business travel, and separate rates are established for medical and moving purposes.
What was the mileage allowance rate for 2008?
The mileage allowance rate for business use of a vehicle in the United States in 2008 was 50.5 cents per mile for the first half of the year and increased to 58.5 cents per mile for the second half. This rate was set by the Internal Revenue Service (IRS) to help taxpayers calculate deductible costs associated with business travel.
How do you calculate business mileage for tax purposes?
To calculate business mileage for tax purposes, you need to keep a record of the total miles driven for business purposes and multiply it by the standard mileage rate set by the IRS. This rate is used to calculate the deductible expenses related to using a vehicle for business.
What is the current interest rate on business line of credit?
The current rate on a business loan varies. Your business credit, how much money your business makes and whether you have an established relationship with the bank impacts the rate you get.
What is the mileage expense rate?
The mileage expense rate for 2014 is .56 cents per mile. This only pertains to miles driven for business purposes and not personal.
