Mileage Reimbursement Calculator For 2018 & 2019
Under the Internal Revenue Code , a taxpayer is entitled to deduct either the actual expense amount, or an amount computed using the standard mileage rate declared by IRS under mileage reimbursement policy , whichever is greater from the gross total income. The IRS has just announced the mileage reimbursement rate for tax year 2019. Here is a quick mileage reimbursement calculator which requires you to input just the number of miles traveled for business purpose, medical and charitable purpose.
Mileage Reimbursement Calculator
The aforesaid calculator is based on the federal mileage reimbursement rate .