What is the official reimbursement rate for mileage?
480837
From the IRS website:\n\nFor tax years beginning in 2006, the allowable deductions for the standard mileage rate are as follows:\n\nBusiness miles. The standard mileage rate for the cost of operating your car changes to 44.5 cents a mile for all business miles driven. \n\nCharitable services. The standard mileage rate allowed for use of your car when you use your car to provide charitable services to a charitable organization is 14 cents a mile. \nCharitable services — Hurricane Katrina relief services. If you used your vehicle in giving services to a charitable organization to provide relief related to Hurricane Katrina, the standard mileage rate allowed for use of your car is 32 cents a mile. \n\nMedical reasons. The standard mileage rate allowed for use of your car for medical reasons is 18 cents a mile. \n\nMoving. The standard mileage rate for determining moving expenses is 18 cents a mile.
892397
If you are receiving a flat dollar amount per month from your employer for the use of your personal automobile while on company business the likelihood is that you will not be getting reimbursed for gasoline purchases as well, although I have seen instances in my accounting practice where an employer will pay both. You will have to ask your employer to explain its policy in this regard if you are not sure.\n\nThe important thing to be aware of is that this money is subject to income tax in your hands as a taxable benefit. In this respect it is important to keep track of all your automobile operating costs as well as the mileage you are driving while on business. At tax time you add up all your auto operating costs, multiply it by the proportion of your business mileage over your total mileage for the year. The resulting figure is the costs you have incured while on business. This cost can be taken as a deduction in computing your income for tax purposes. In some cases these costs will exceed the amount received from your employer as a car allowance thereby offsetting the fact that you have to include the allownace in your income while at the same time giving you some tax saving on the difference. \n\nMany employers pay their employees a mileage allowance for the use of their personal automobiles while on business. Employees are required to report the distance travelled and the reason for the trip on an expense report. As long as the per kilometer rate paid by the employers is equal to or less than the prescibed amounts permitted by the Canada Revenue Agency, then this type of alowance does not have to be included in the employee's income for tax purposes.\n\nFor more detailed information go to the website below
807311
answer of my life is correct .\npremium paid to vehical and proporty will not get examption.\n\npremium paid for personal accidental policy will eligible for examption in addition to the above.\n\nwe can save another 10,000/- as a critical ill ness rider paid on lic policies u/s 80DD.
475091
$15.13 , dont forget to tip the driver :)\nMan people, thats 12 miles, not 1 mile, this should be easy!
979884
A car allowance is a set dollar amount that is given to you, usually each month.  You will get a 1099 for this.  Some companies will reimburse you at the end of the year for miles driven in excess of a pre-determined amount, usually over 10,000 miles paid at .10/mile.  You may also be required to have your employer named as an Additional Insured on your auto insurance policy.\n\nExpenses are reimbursed periodically by way of you having to turn in receipts  You should not receive a 1099 for this type of reimbursement.\n\nIf you have to take a plane or stay in a hotel those expenses should either be paid upfront by the company or reimbursed to you.
205150
There are a couple of ways of looking at this.\n\nSuppose they are leasing the car for you, at $350 per month, and covering all expenses, including gas. Let's also assume you use the car 60% business, 40% personal. Then you're earning:\n\n1. The lease cost: $140 per month;\n\n2. The monthly insurance cost: If your premimum is, say, $800 per year, then that's $27 per month;\n\n3. If the gas tab for all uses is $40 per week, that's $70 per month;\n\n4. If you figure an average maintenance cost of $300 per year, that's $10 per month.\n\nFor a grand total of about $250 per month, or about $3,000 per year, if you figure it on your actual use of the vehicle and what percentage of their costs you are using for your own purposes. That's how the IRS figures your taxable deduction for a business car that's also used for personal stuff.\n\nOr, you could look at it this way: Take the total cost of operating your car last year. If you had a $300 per month payment, $800 in insurance, $800 in gas and $500 in maintenance, then you're getting an extra $5,700 per year in salary.\n\nOr, you could compute it the way the IRS would if you used the mileage-based system of auto reimbursement: They allow you to take 40.5 cents per mile for business use.\n\nSo, if you put 5,000 miles on the car for personal use in a year, you've gotten $2,025 in extra salary.\n\nIt's also important to note that since you are receiving this as a fringe benefit, it's not taxed.\n\nFor example, let's suppose your 2005 adjusted taxable income is $45,750 and you file single. You then owe the IRS $8,109. \n\nIf you add $2,500 cash to that, making your taxable income $48,250, you owe $8,734 -- a difference of $625.\n\nSo, if you got $2,500 worth of car use from your employer, it's like getting another $625 on top of it -- because that form of compensation isn't taxed.
380802
You have to report the income you earn. In  the US you will need to file a Schedule C with your return - this is a form about profit and loss. Remeber that you can deduct mileage and expenses that are not reimbursed.\n\nI've been mystery shopping for 6 years.
863901
I couldn't find a site that quoted exact prices.  It depends on how many dependents you have and the milage.  Also they will factor in money for hotel rooms if its over a certain amount of miles.  \n\nAuthorized expenses include payment for rental vehicles/trailers, packing materials, moving equipment (hand trucks or appliance dollies), blanket wraps, gasoline and oil expenses; itemized expenses that may be directly related to the DITY move such as tolls, weight tickets, etc. These costs are deducted from the incentive payment to determine the financial profit for taxable purposes.  Tow dollies for towing POV’s are at member’s expense and will not be reimbursed\n\n\n760) 725-8177 is the CP TMO office\n\nlinks about the dity move\nhttp://www.usapa.army.mil/pdffiles/p55_2.pdf\n\n\nhttp://www.matcom.usmc.mil/tvcb_old/do%20it%20yourself%20(dity)%20moves.asp
1112472
If you are using you vehicle for business purposes, then yes you can deduct it.\n\nThe extent of your deduction is based on what type of vehicle you get.  You might want to use just mileage (and you have to watch was is and isn't considered deductible) or depreciate your vehicle's business use percentage.  Remember to keep good records and think about consulting a CPA before year end to discuss.\n\nGood luck!
605032
that is shocking..i get 40p pm up to max of 1000 miles - go see someone in a union they will be able to help or call the citizens advise for legal info
336618
If you run your own business then the rules are different. If you are employed, your company would usually pay you a car allowance and a small amount per mile.\nLook for answers here:www.hmrc.gov.uk Use the queries phone line for advice.
171830
.445 per mile is the federal guideline.  It was increased in response to the increase in fuel prices.  You may want to try to collaborate with a local gas station and see if you can get gift cards for gas at a slightly lower rate.  For example, we work with Shell and they sell us a $15.00 card for $11.50 each.  When employees submit an expense report they are required to "bank" their milage in increments of $15.00 (15, 30, 45, etc.). It is not much of a savings, however it IS a savings:)
1174590
The national mileage rate is .48 as per the internal revenue service.
541362
no can pay anything but keep track of your miles as you can claim off you income tax the difference-it adds up quick
488809
The standard mileage rate starting 1/1/2006 is 44.5 cents per mile.\n\nTo calculate depreciation, you will need to learn MACRS.  See http://www.irs.gov/pub/irs-pdf/p946.pdf for more details.\n\nGood luck.
18418
What I always do when I'm about to go on a road trip is to get driving directions from the starting point to the destination (recommend Google maps or Yahoo maps). Below the "From" and "To" addresses it normally lists the mileage. For example, a trip from Milwaukee to Charlotte is 901 miles. Then you divide that number by your cars average MPG. I suggest overestimating a little (e.g. if my car's average mileage is 29 miles/gallon, I'd use 26 or so to be safe). Then you multiply that number by the average price/gallon you expect to pay (lets say about $2.50). To make my examples even more explicit:\n\n[total distance in miles (901 mi)] ÷ [car's MPG (26 mi/gal)] x [gas price per gallon ($2.50)]= [Total cost of gas ($86.64)]. \n\nHave a great trip!
63321
no, you cannot claim mileage.  although you can use actaul expenses.  i feel that if you are asking it is because you do not have the receipts, or that mileage is much more than actual.  as far as payments . . .check with taxact.com, turbotax.com or hrblock.com  they have great interviews and will let you know of the latest tax laws.  tax act is a free download, so there is no charge to use their program..\nhope this helps.\ngood luck