Mileage Reimbursement Calculator
If you drive your personal vehicle for work, you are often entitled to mileage reimbursement to cover fuel, maintenance, depreciation, and wear. The IRS sets a standard mileage rate each year that many employers use. This calculator estimates your reimbursement based on miles driven.
How Mileage Reimbursement Works
The IRS standard mileage rate covers all vehicle operating costs in a single figure. Business use is one rate, while medical, moving, and charitable driving have separate (usually lower) rates.
Example Calculation
250 business miles at an IRS rate of 70 cents per mile:
- 250 x $0.70 = $175.00 reimbursement
- This covers roughly 250 miles worth of all relevant vehicle costs
FAQ
What is the current IRS mileage rate?
The rate changes annually. Check the IRS website for the current business mileage rate, as it fluctuates with fuel prices and vehicle costs.
Does my employer have to reimburse mileage?
Federal law does not require it, but many employers do. Some states, like California, have reimbursement rules of their own.
Should I track business miles?
Yes. Keep a log with dates, destinations, purpose, and odometer readings — it is essential for employer reimbursement or a tax deduction.
Disclaimer: This is an estimate. Confirm the current IRS rate and your employer's policy before claiming reimbursement.