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Mileage reimbursement is the process of compensating employees who use their personal vehicle for business purposes. It helps cover car-related expenses like gas, maintenance, wear and tear, and more.
Here is the breakdown for the two most common ways to use the standard mileage rate: business tax deductions and employee mileage reimbursements. Business/Self-Employed Tax Deductions
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
Travel, particularly by motor vehicles, is often reimbursed at a rate determined only by distance travelled, e.g., the US business mileage reimbursement rate. Fixed per diem (and per mile ) rates eliminate the need for employees to prepare, and employers to scrutinise, a detailed expense report with supporting receipts to document amounts spent ...
MapQuest (stylized as mapquest) is an American free online web mapping service. It was launched in 1996 as the first commercial web mapping service. [ 1 ] MapQuest's competitors include Apple Maps , Here , and Google Maps .
The second of three states to require mileage reimbursement by law, Illinois gives its employees at least 30 days to provide proof of mileage under the Illinois Wage Payment and Collection Act.
Google Maps Bing Maps MapQuest Mapy.cz OpenStreetMap Here WeGo Apple Maps Yandex Maps; Age of satellite imagery 1–3 years [dubious – discuss] 1–3 years [citation needed] 1–4 years No 1–3 years 1–3 years 1–4 years Map data providers MAPIT, Tele Atlas, DigitalGlobe, MDA Federal, user contributions
[2] [3] An organization may refund or reimburse these costs on the basis of an itemized list, or may conclude that cost of doing so is disproportionately high and instead pay a per diem ("per day") allowance. This provides a budget from which the traveler may recover their costs.
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