National rate for wear and tear?

Question

Wondering what the national rate is, how its calculated and who decides the rate.

Thanks

The rate for a vehicule...at my current job I'm being asked for errands requiering the use of my car, how much should I charge?

Answer 1

if u are talking about cars then the federal government allows places that ask employees who use their own cars .40 a mile which is untaxed and compensates user for gas and wear and tear, Unless ur driving a hummer in stop and go traffic this is proffitable for drivers even at 3 a gallon

Answer 2

It really depends on how you associate buisiness. If it is your buisiness and you are writing off the vehicle depritiation by the mile on your buisiness tax return , I stongly advise you to keep your reciepts . If you are trying to collect a vehicle allowance from a company that you work for but do not own , when you are paid your $0.44 a mile , that's it! you have no tax write off after that . Basically you've already been paid. Now... If you use your vehicle for work at a company you do not own and do not recieve a vehicle allowance you can claim that on your taxes but I would still save those reciepts in case of an audit or some crap. And Yes it is supposed to cover all expenses per mile , but we all know it's not enough.

Answer 3

There is no such thing as a national rate. There are guidelines for the life of the object and how much of that life has been used up.

Answer 4

Could you define what you're asking a bit more? National rate for wear and tear?