Do employers have to give employees mileage reimbursement for using their personal vehicle for work? If an employer agrees to the reimbursement, can they reimburse any amount they want or are they required to pay a minimum "standard" amount?
2007-07-16 16:53:48 · 6 answers · asked by Foxxxy 4 in Business & Finance ➔ Insurance
No, they don't have to give it. If they do give it, they can reimburse any amount they want.
However, as an employee, anything under the standard IRS set amound is tax deductible for YOU, as an unreimbursed business expense.
2007-07-17 02:25:40 · answer #1 · answered by Anonymous 7 · 0⤊ 1⤋
No employers do not have to reimburse for personal vehicle use.
No there is no set amount (there is the amount the government recomends, but that is a suggestion, not a requirenment). It is up to the company to decide
You can claim un reimbursed mileage for your personal vehicle on your income tax return...as well as any maintance you incure as a result of that extra mileage (ie if you need 3 more oil changes a year you can claim those as long as you can back it up with records that you traveled those miles for business and that caused you to need the oil changes).
PS I don't have anything to back up my knowledge other than working for an accountant...if your employer was required by law to reimbursment why would there be a spot on your tax return for unreimbursed mileage...
2007-07-16 17:03:37 · answer #2 · answered by Anonymous · 1⤊ 1⤋
I'm assuming that you are in the U.S.
Employers aren't required to reimburse you for business mileage, and if they do, there's no set amount they have to give you. That said, many employers do reimburse you, at whatever the IRS rate is at the time.
2007-07-16 19:25:48 · answer #3 · answered by Judy 7 · 0⤊ 1⤋
They can pay any amount they want .... the current federal govt. rate is 41.5 cents .. but your company doens't have to pay that much.
Do they have to pay you for personal use of your vehicle. Yes, in some form .. either reimbursement per mile ... or some company's give a set allowance or build it into your salary. SO you have to know how they handle it at your company.
2007-07-16 17:01:49 · answer #4 · answered by ValleyR 7 · 0⤊ 2⤋
We pay the federal amount this year it is 48.5 cent a mile but it isn't required that we pay people.
2007-07-16 17:05:46 · answer #5 · answered by shipwreck 7 · 0⤊ 1⤋
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2016-05-19 22:46:01 · answer #6 · answered by ? 3 · 0⤊ 0⤋