If you’re an employee who uses your personal car for business reasons, you may be eligible for a mileage reimbursement. Sometimes, it’s not clear how to calculate mileage reimbursement. This article will dive into what’s required for a mileage reimbursement, as well as how to calculate what you deserve
The mileage rates 2015 for business drives is 57.5 cents per mile. The IRS decreased the standard mileage rate for 2016 to 54 cents per mile. Let’s go over what the business mileage rate is and what it means to you.
When it comes to tracking your miles for taxes, we often talk about the mileage deduction and the mileage reimbursement. But there are other tax reasons to keep a mileage log. Let’s dive into the medical expense deduction and what role medical mileage plays.