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20 gru 2023 · The standard IRS mileage rate for the business use of an employee’s personal automobile will increase on January 1, 2024, from 65.5 to 67 cents per mile. The state bargaining agreements and compensation plans base mileage reimbursement rates on the standard IRS mileage rate that’s in place at the time of travel.
Standard mileage rate. The 2022 rate for business use of your vehicle is 58.5 cents (0.585) a mile for miles driven between January 1 and June 30. The 2022 rate for business use of your vehicle is 62.5 cents (0.625) per mile for miles driven between July 1 and December 31. Recordkeeping
As a reminder, two options are provided for determining the mileage reimbursement rate for any given trip: If the employee travels in their own vehicle because no state vehicle is available, the reimbursement rate is the current IRS rate (67 cents per mile for miles driven beginning January 1, 2024).
20 gru 2023 · Download the free 2024 mileage log template as a PDF, Sheets or Excel version and keep track of your trips. Free IRS printable mileage log form to download.
6 sty 2023 · The standard IRS mileage rate for the business use of an employee’s personal vehicle has increased on January 1, 2023, from 62.5 to 65.5 cents per mile. The state bargaining agreements and compensation plans base mileage reimbursement rates on the standard IRS mileage rate that’s in place at the time of travel.
1 sty 2023 · The Internal Revenue Service (IRS) has announced a increase in the standard mileage reimbursement rate for business miles. The rate has been adopted for use by state employees and is effective beginning January 1, 2022 - June 30, 2022. Mileage rates are used to calculate reimbursements to employees that use their personal vehicle for business ...
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.
