Topic: Federal Mileage Reimbursement Rate
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Answers to Common Questions
What is the Mileage Reimbursement Rate?
Mileage reimbursement rate has two definitions. The Internal Revenue Service provides a deduction by this title, but contractors often charge a mileage reimbursement rate to their employers. Read More »
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What is the federal mileage reimbursement rate?
You can claim gas mileage expenses as a tax deduction in the United States when operating a vehicle for business, charitable, medical or moving purposes. Your cost for gas mileage is calculated based on the federal mileage rate. Beginning o... Read More »
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What is the Federal Mileage Rate?
The Internal Revenue Service set the 2009 federal mileage rate at 55 cents for business use of your car. The rate you can claim for medical or moving travel is 24 cents. For more information see here: http://www.irs.gov/formspubs/article/0.... Read More »
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Answers to Other Common Questions
The first time many people realize that the federal government gives a tax credit for miles on their car tends to be when they reach the tax form section asking about job expenses or business expenses. This unique feature takes into account...
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Source: http://www.ehow.com/about_6611164_federal-irs-mileage-reimburseme...
Standard mileage rates are set by the Internal Revenue Service at least once each year based on a study done each year that examines the costs of operating a vehicle. Business, medical, moving and charitable purposes each have different rat...
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Source: http://www.ehow.com/how_6757669_reimbursement-rate-mileage.html?r...
50 cents a mile in CT.
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Most taxpayers who use a car for business qualify for a deduction based upon the standard mileage rate or actual car expenses. Reviewing both past and present mileage rates, as well as understanding the considerations that the IRS makes whe...
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Source: http://www.ehow.com/facts_6894161_irs-determine-mileage-reimburse...
The federal reimbursement rate for mileage can vary from year to year. For 2010, the federal reimbursement rate for mileage established by the Internal Revenue Service was $.50 per mile for business travel, $.165 per mile for moving or medi...
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The privately owned vehicle mileage reimbursement rate set by the ...
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The mileage rate for Indiana as of 2008 is 44 cents per mile
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Source: http://wiki.answers.com/Q/What_is_the_mileage_reimbursement_rate_...
