How much should I be reimbursed for my personal vehicle per mile? Keep in mind that they pay for gas.?

Answer 1

The IRS rate assumes that you pay all your own expenses. I would calculate my actual cost per mile for gas and then subtract that per mile rate from the IRS rate. If you get 20 miles per gallon and gas is $3.00 per gallon, it is easy to figure that your cost is $3.00 per 20 miles or 15¢ per mile. I think that would give you a GENEROUS allowance for use of your car. Your employer might see it that way too.

Answer 2

Sorry, but your question is phrased in a somewhat unclear manner?? You need to state your question more clearly and specifically. I can only guess that you mean the following:


I assume you mean the depreciation that each added mile takes away from the value of your vehicle?

I ask this since you say that they already pay for your gas (you give them receipts for gas purchased and they reimburse you or something like that).

So, the only other thing you could be asking about is the depreciation factor that each miles takes away from the value of your car.

Now, if this is what your actually asking, the answer is not that simple. You can try asking on Edmunds.com or some other "car talk" web site.

If this is not what your asking, then please be more specific in your question.

Good Luck.

P.S. If this a question relating to IRS or tax purposes, then you need to have your accountant run the numbers for you.

Answer 3

IRS currently allows $0.445 p/mil. reimbursement for gas and mileage are two different things. You can be reimbursed for both, but most companies reimburse for mileage only. Usually because IRS' rates are inflated to includued the high cost of gas. I worked for a company that reimbursed for mileage and gas so go figure

Answer 4

Who is your actual employer? An employment agency? Or are you an independent contractor? In any case, they are not obligated to pay, although you can deduct this from your taxes as an unreimbursed work expense. As far as liability, you bear full responsibility. My advice, if you're concerned, is to rent a car for this purpose. You can deduct the rental expenses. I've done this.

Answer 5

Write down your miles before and after and then give them your average mpg, also saving gas receipts help.

Answer 6

Most companies use the IRS rate. Check on their web site.

Answer 7

I use the IRS rate of 44.5 per mile

Answer 8

You can deduct whatthe government gives you and then deduct the gas allowance and write the rest off your income .

Answer 9

for what use is the vehicle and who are they
ask your accountant