Reimbursing employees for business use of a personal vehicle is generally based upon mileage.
The current federal rate is $0.575/mile, and starting Jan. 1, 2016 the standard milage rate will be $0.54/mile. Beginning on Jan. 1, 2016, the standard mileage rates will be:
- Business: $0.54 cents per mile, down from $0.575 cents for 2015
- Medical or...