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You can use this mileage reimbursement calculator to determine the deductible costs associated with running a vehicle for medical, charitable, business, or moving. 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.
19 gru 2023 · The CRA automobile allowance rates for 2024 are: 70 cents per kilometre for the first 5,000km driven. 64 cents per kilometre after that. The Northwest Territories, Yukon, and Nunavut get an additional 4 cents per kilometre. Find the previous year's 2023 per-kilometre rate in Canada.
Our calculator uses the latest IRS mileage rates to estimate your reimbursement based on the miles you’ve driven and the purpose of the drive (business, medical/moving, or charitable). Simply enter the relevant information, and the calculator will do the rest.
13 maj 2024 · Calculate your mileage reimbursement by multiplying your business-related kilometres with the CRA mileage rate for 2024 - 70 cents for the first 5,000 km. After 5,000 km, the rate decreases to 64 cents per kilometre.
12 cze 2023 · CompanyMileage customers can save up to 30% on their mileage reimbursement expenses, simply by having a reliable method of calculating work mileage and processing reimbursement claims. Intrigued? Contact us today for a demo to learn more!
17 lis 2022 · How is mileage reimbursement calculated? The IRS sets a standard mileage reimbursement rate of 58.5 cents per business mile driven in 2022. This rate is based on an annual study of the fixed and variable costs of operating a vehicle, like gas, insurance, depreciation, and standard maintenance.
This calculator can help you track you mileage and can accommodate 2 different rates. Enter your data and then look for the Total Reimbursement amount at the bottom.
