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1 kwi 2022 · Effective January 1, 2021, the mileage reimbursement rate will be $.555 per mile. Effective July 1, 2021, the maximum compensation rate will be $1,195. Effective July 1, 2021, the minimum compensation rate will be $298.75.
Effective January 1, 2024 the mileage reimbursement rate will be $.67 per mile. Effective July 1, 2024 the maximum compensation rate will be $1410.00. Effective July 1, 2024 the minimum compensation rate will be $352.50. Effective October 1, 2024 the cost of living (COLA) rate will be 3.35%.
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.
3 mar 2020 · The workers’ compensation insurer has 15 days to provide reimbursement after you’ve submitted documentation of mileage, meals, and lodging. If the insurer doesn’t pay within this timeframe, it can be subject to a late penalty. Download FREE Medical Mileage Reimbursment Form.
Keeping Track of Mileage Reimbursement for Workers’ Compensation. The Virginia Workers’ Compensation sets the mileage reimbursement rate, which is usually based on the rate set by the IRS. The 2017 mileage reimbursement rate is 55.5 cents per mile.
Our Mileage Reimbursement Calculator helps to determine the compensation of travel while you are on official business. This amount is calculated as a baseline or minimum by IRS to ensure employees are fairly compensated for their travel expenses.
Mileage reimbursement rate: $.585 effective 4/1/22; $.625 effective 7/1/22; $.655 effective 1/1/23 If accident occurs before July 1st, COLA is due October 1st of the same year
