Understanding Mileage Reimbursement Rules for Employees
Learn about mileage reimbursement rules and best practices for claiming travel expenses in your organization.
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Mileage rules vary depending on the organization but generally refer to the guidelines for reimbursing travel expenses. Common rules include: reimbursing at a specific rate per mile driven for work, maintaining logs of travel including date, destination, and miles, and only covering necessary travel for business purposes. Always check your company’s specific policy for exact details.
FAQs & Answers
- What is mileage reimbursement? Mileage reimbursement is a policy that compensates employees for driving their personal vehicles for business purposes, based on the distance traveled.
- How do I track my mileage for reimbursement? You can track your mileage by maintaining a log with details such as date, destination, purpose of the trip, and miles driven.
- Are there standard rates for mileage reimbursement? Yes, the IRS sets a standard mileage rate that often guides organizations on how much to reimburse employees for business travel.
- Can I get reimbursed for personal trips? Most companies only reimburse for necessary business travel, so personal trips typically are not covered under mileage reimbursement policies.