MENU
SEARCHMENUSEARCH
Is your reimbursement strategy keeping pace with rising vehicle costs?
Read More →
A basic explainer of the business mileage standard rate, plus a look at what led the IRS to change the rate this year.
Read More →
Budgeting for fleet vehicles is more pronounced than ever. Here is how to navigate IRS mileage reimbursement for fleet management.
Read More →
To set next year's rate, the IRS was guided by moderating fuel prices against increases in vehicle acquisition costs and lower residual values.
Read More →
The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a vehicle.
Read More →
There is uncertainty with regards to the taxation of mileage reporting for drivers sheltering in place.
Read More →
While personal use averages 16%, outside market dynamics can cause personal use mileage to increase. For instance, when fuel prices increase, there is typically a spike in employees using fleet vehicles for personal use since the company pays for gasoline.
Read More →
The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
Read More →
The business mileage reimbursement rate for 2019 increased 3.5 cents to 58 cents on Jan. 1 after two years of minimal change, the Internal Revenue Service announced late last year.
Read More →
The Internal Revenue Service has increased the business mileage reimbursement rate to 54.5 cents from 53.5 cents for 2018. The new rate will go into effect on Jan. 1.
Read More →