IRS Raises Standard Mileage Rate for 2022 - SHRM
Dec 21, 2021 · The standard mileage rate that businesses use to pay tax-free reimbursements to employees who drive their own cars for business will be 58.5 cents per mile in 2022, up 2.5 cents from 2021, the IRS ...
IRS Boosts Standard Mileage Rate for 2023 - SHRM
Jan 3, 2023 · The IRS has announced that the 2023 business standard mileage rate is increasing to 65.5 cents, up 3 cents from the 2022 midyear adjustment of 62.5 cents. The change took effect Jan. 1.
IRS Raises Standard Mileage Rate for Final Half of 2022 - SHRM
Jun 9, 2022 · Effective July 1 through Dec. 31, 2022, the standard mileage rate for the business use of employees' vehicles will be 62.5 cents per mile—the highest rate the IRS has ever published—up 4 cents ...
IRS Lowers Standard Mileage Rate for 2020 - SHRM
E ffective Jan. 1, 2020, the optional standard mileage rate used in deducting the costs of operating an automobile for business is 57.5 cents per mile, down one-half cent from 2019, the IRS ...
Travel Expense Policy - SHRM
Travelers may opt to request reimbursement for actual gasoline expenses in lieu of the [Company Name] mileage rate. In these instances original, itemized receipts are required. Automobile (rental ...
How to Ensure Fair Vehicle Reimbursements for Mobile Employees …
Apr 3, 2018 · The IRS annually issues its standard business mileage rate, also called the safe harbor rate. The mileage reimbursement rate for 2018 is 54.5 cents for business miles driven, up from 53.5 cents in ...
Do we have to reimburse personal auto mileage for business
The IRS mileage rate is a maximum rate that employers may use for tax-free reimbursement. Employers that reimburse more than the IRS rate are required to treat any amount above the IRS rate as ...
Pizza Delivery Drivers Entitled to Vehicle Expense Reimbursement
Apr 24, 2024 · The 6th Circuit ruled that pizza delivery drivers must be reimbursed for vehicle expenses under the Fair Labor Standards Act. The court left the exact reimbursement calculation open-ended.
IRS Boosts Mileage Rate for 2024 - SHRM
Dec 14, 2023 · The IRS is raising the standard mileage rate by 1.5 cents per mile for 2024. The agency on Dec. 14 announced that the business standard mileage rate per mile is rising to 67 cents, up from 65.5 ...
IRS Raises Standard Mileage Rate for 2025 - SHRM
Dec 20, 2024 · The IRS is raising the standard mileage rate by 3 cents per mile for 2025. The agency on Dec. 19 announced that the business standard mileage rate per mile is rising to 70 cents, up from 67 cents ...