Published
I was always reimbursed for mileage in my own car at the IRS mileage rate, but there may not be a requirement for companies to do that.
Personally, I think your company is being cheesy. But you can deduct the difference between your actual mileage and your reimbursement on your taxes per IRS rules (below).
Like - Click this link to Add this page to your bookmarks
Share - Click this link to Share this page through email or social mediaPrint - Click this link to Print this page
[h=1]2014 Standard Mileage Rates[/h]IR-2013-95, Dec. 6, 2013
WASHINGTON — The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
funnygirl_rn2
94 Posts
Our mileage reimbursement has changed. The company now deducts 50 miles anytime you are out on the road visiting clients. We are paid 48 cents/mile. It does not matter how many clients you are visiting or miles you have driven; they still deduct 50 miles per day from your total mileage. Say you drove 100 miles; you only get reimbursed for 50 miles. Gas has not decreased and neither has wear/tear on your vehicle. We are reimbursed for our tolls. Anyone else have similar mileage reimbursement? Thanks!