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4 sty 2023 · Having employees use their own vehicle for work can be expensive. Especially if they regularly drive long distances and spend money on fuel. Now you can quickly calculate how much your employees can get back with our easy-to-use mileage reimbursement calculator. Calculate for Free.
You can calculate mileage reimbursement in three simple steps: Select your tax year. Input the number of miles driven for business, charitable, medical, and/or moving purposes. Click on the "Calculate" button to determine the reimbursement amount.
Enter the estimated MPG for the vehicle being driven. Enter applicable state/local sales taxes and any additional fees/surcharges. Once you input these values, the calculator will determine whether it is more cost effective to rent a vehicle or drive your personal vehicle and claim mileage.
How to calculate IFTA miles? Use this Free IFTA tax calculator and state by state mileage calculator.
Mileage Calculation. The number of miles traveled by an employee for state business may be determined by point-to-point itemization. Point-to-point mileage may be documented by an employee’s vehicle odometer reading or by a readily available online mapping service.
24 sie 2023 · Under this provision, employees can receive up to 65.5¢ (2023) as tax-free reimbursement for mileage expenses. Any sum over that maximum is taxed, unless you’re on a fixed and variable rate (FAVR) plan .
My Trip Calculator. Plan your route, estimate fuel costs, and compare vehicles!
