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The IRS vehicle mileage rate for 2018 is 54.5 cents per mile. If a driver averages 20 miles per hour, then their effective hourly rate is cut in half from depre
by davinic 7y ago
The IRS vehicle mileage rate for 2018 is 54.5 cents per mile. If a driver averages 20 miles per hour, then their effective hourly rate is cut in half from depreciation/fuel/maintenance/etc.
- kemiller2002 7y agoThat is true, and the company doesn't have to reimburse you for that. They can leave that to you to factor in your yearly taxes, effectively putting the burden on you to track and submit all of that.
- davinic 7y agoyes, but it's on your taxes because it's an actual unreimbursed expense you've undertaken. It factors into your net income, not just a tax savings.