My company pays whatever the current rate that is allowed by the IRS as the tax deductible rate per mile. I think it is current around 35 cents a mile (but its always changing).
We're a manufacturing company in southwestern Indiana, and allow 36.5 cents per mile. Amazing, since our company is notorious for shafting employees. . .
We are paying .36 per mile. We are using the IRS rate less the 1/2 percent just to have a nice round number. We adjust this each year when IRS updates this rate.
We are a small non profit organization and our travel reimbursement rate is tied to the IRS rate which is currently .365 per mile. The rate changes when IRS announces a rate change.
We pay .25 per mile, we have a hard head that thinks .25 covers all cost and employees get over when one pays higher rates! What was your facts used to convince the company to change up?
Comments
30 cents per mile.