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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.
The VWC Calculator Application is a reference tool provided by the Virginia Workers' Compensation Commission. Ultimately, the amount of benefits due will be determined by the Commission on a case-by-case basis, according to eligibility and corresponding statutes.
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.
The basic calculator allows you to calculate an end date, the number of weeks due, the compensation awarded and the compensation remaining after a payment. A red box indicates that the Compensation Rate has been adjusted to the yearly maximum or minimum according to the Date of Injury.
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.
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
