Tax rate

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2020 IRS Standard Mileage Rate Announced

Posted by Company Mileage | December 31, 2019

The Internal Revenue Service (IRS) has updated the optional standard mileage rate in 2020 to 57.5 cents per mile, a decrease of 0.5 cents from 58 cents per mile in… Read More

Top 5 Measurements the IRS Uses to Determine Mileage Rate

Posted by Company Mileage | November 4, 2019

At the end of each year, the IRS releases their standard mileage rates for travel for businesses, medical or moving reasons and nonprofits and charitable organizations. Instead of dealing with… Read More

Should You be Reimbursing Mileage at the IRS Standard Rate?

Posted by Company Mileage | July 11, 2019

The standard mileage rate the Internal Revenue Service sets for each year is no doubt an important metric. For employees that drive their personal vehicles for their jobs – and… Read More

According to the Washington Post, a proposed gas tax increase by 25-cents gained bipartisan support earlier this month. Currently this tax is 18.4 cents on gasoline and 24.4 cents on… Read More

2018 Tax Law Changes – How Will This Affect Mileage Claims?

Posted by Company Mileage | February 9, 2018

A Quick-Reference Guide for Employers With all of the focus on corporate tax rate changes this year, you could be forgiven for not picking up on a small but crucial… Read More