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The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of ... 2013: 56.5 cents/mile: $1.33/mile 2014: 56 ...
For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022. The new rate was implemented to ...
Here are the 2023 mileage reimbursement rates: Business use: 65.5 cents per mile. This mileage rate for business increased by 3 cents from 62.5 cents per mile in 2022. Military moving: 22 cents ...
The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile, up 1.5 ...
Thoma Bravo. Number of employees. 450. Website. www.motus.com. Motus is a workforce management company headquartered in Boston, Massachusetts, [ 1 ][ 2 ] that offers vehicle reimbursement, fleet management and business intelligence solutions. This includes mileage reimbursement, BYO programs, Managed Mobility Services and living cost intelligence.
The program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon.
The IRS bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. The new rate kicks in beginning Jan. 1 and it would apply to 2024 tax returns ...
Apparently, that employee reimbursement rate is tied to the IRS mileage rate for business deductions in some legal fashion. Famspear ( talk ) 17:24, 24 June 2008 (UTC) Reply [ reply ] Note: Yesterday (June 23, 2008), the Internal Revenue Service issued Announcement 2008-63, which increases the business deduction rate to 58.5 cents per mile ...