Federal Mileage Reimbursement is the payment an employer provides to employees for business travel using the IRS federal mileage rate, ensuring fair compensation.
- What is federal mileage reimbursement?
Answer: It is the payment to employees for business travel using the IRS rate. - Who is eligible for reimbursement?
Answer: Employees using personal vehicles for work travel are eligible. - How is the reimbursement calculated?
Answer: It is calculated by multiplying miles driven by the federal rate. - Is reimbursement taxable?
Answer: It is not taxable if it matches or is less than the IRS rate. - What documentation is required?
Answer: Employees must submit mileage logs or travel records.
