In truth, this is a customer-service sector where the jobsâ duties, work settings, training, salaries and skills are diverse. Check out U.S. Newsâs multifaceted list of the Best Business Jobs for 2015, and read more on how we rank the jobs.
The IRS Standard Mileage Rate is the rate provided by the IRS for mileage reimbursement for business use of a personal vehicle. In 2015, the rate is 57.5 cents per mile. The rate is a guideline based on average gas prices and average wear and tear on a vehicle (gas reimbursement is a part of this rate). Some people want to know if they can reimburse less than the standard rate. The answer is yes. Others want to know if they can reimburse more.
Each year, the IRS releases an optional standard mileage rate. As of July 1, 2008, that rate is 58.5 cents per mile traveled for business purposes, 27 cents per mile for medical and moving travel, and 14 cents per mile for travel for charitable purposes.You can use the standard mileage rate as a benchmark to reimburse employees for business travel.For tax purposes, itâs much less complicated to go by the standard rates than to require employees to keep track of their actual vehicle expenses.f you donât reimburse employees for mileage expenses, they may deduct from their gross income (1) the amount paid under their own mileage allowance or (2) the IRSâ standard rate multiplied by the number of miles driven for business purposes, whichever is less.