Mileage reimbursement FAQ: Standard deductions, IRS and state mileage rates, and more [2025]
When it comes to taxes, mileage reimbursement and all its ins and outs can feel overwhelming for businesses and employees alike. However, accurate mileage reimbursement isn't just about numbers; it is critical to operational efficiency. It saves precious time, keeps IRS audits at bay, and fosters employee satisfaction. In this article, we'll break down the essentials of mileage reimbursement, addressing everything from current IRS mileage rates to best practices in record-keeping, so you can confidently manage this crucial aspect of your business finances