History Of The IRS Standard Mileage Rate: 1994 To 2024
The IRS mileage rate lets employees drive personal vehicles for work and get tax deductions or reimbursements. Employees can keep track of their expenses and deduct the IRS mileage rate times their mileage at tax time. Employers can also base cents per mile programs on the IRS rate, or anything up to the rate: the rate is an optional maximum for mileage reimbursements.
Using the Internal Revenue Service’s standard mileage rate to reimburse employees for work-related driving has much to recommen
Using the Internal Revenue Service’s standard mileage rate to reimburse employees for work-related driving has much to recommen