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1 For all travel expenses incurred on or after January 1, 2009, the mileage reimbursement rate is 55.0 cents per mile. 2  For all travel expenses incurred from August 1, 2008 through December 31, 2008, the mileage reimbursement rate is 58.5 cents per mile.
Mileage Reimbursement. Companies are willing to reimburse mileage to compensate employees so as to better retain and recruit people they need, according to HR Hero. Typically, company requirements for mileage reimbursement are set based on the annual IRS standard rate for business travel.For example, in 2013, a business could pay up to 56.5 cents per mile and write it off as a business expense. This is much simpler than keeping detailed records of actual operating expenses.ompanies can pay a mileage reimbursement that counts as a business expense and that is tax-free for employees as well. However, if they don't set requirements that follow Internal Revenue Service rules, both the company and the employees may lose their tax advantages.