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.
Mileage reimbursements are worth more to you than deducting a mileage allowance on your tax return. A reimbursement for mileage pays you 100 percent of the mileage allowance. A reimbursement of 55.5 cents per mile for 2,000 miles of work-related driving thus means you get $1,100, all of which is tax free.