Tag: irs mileage rate

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Vehicle Reimbursement

2024 IRS Business Mileage Rate of 67 Cents Informed by Motus Cost Data and Analysis 

Motus on December 14, 2023

Vehicle Ownership and Operating Cost Analyses Reveals Inflation, Fuel Prices, and Acquisition Costs Underpin New Mileage Rate  BOSTON, Mass., December 14, 2023 – The Internal Revenue Service (IRS) has unveiled…

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2022 irs mileage rate
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Mobile Workforce Vehicle Reimbursement

2024 IRS Mileage Rate: What Businesses Need to Know

Motus on October 24, 2023

As we get ready to flip the calendar to 2024, organizations are preparing themselves for what’s to come in the year ahead. At this time, the Internal Revenue Service (IRS)…

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Mobile Workforce Vehicle Reimbursement

IRS Mileage Reimbursement Rules: Control Costs and Mitigate Audit Risk

Motus on February 8, 2023

Reimbursing employees accurately for the business mileage they put on their personal vehicles is no joke. The consequences of not doing so range from increased T&E expenses to legal action….

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Motus Cost Data Informs 2023 IRS Business Mileage Rate of 65.5 Cents

Motus on December 29, 2022

Vehicle Ownership and Operating Cost Analyses Reveals Inflation Underpinning New Mileage Rate, Provides Guidance on Vehicle Reimbursement Best Practices BOSTON, Mass., December 29, 2022 – The Internal Revenue Service (IRS)…

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Mobile Workforce Vehicle Reimbursement

What is the National Average for Mileage Reimbursement?

Motus on December 1, 2022

The answer to the question “What is the national average for mileage reimbursement?” is pretty straight forward. But vehicle programs can be unnecessarily complicated. Technically speaking, mileage reimbursement is different…

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Mobile Workforce Vehicle Reimbursement

Business Vehicle Programs: Federal Mileage Allowance

Motus on November 3, 2022

Business mileage reimbursement can be confusing. Especially if you don’t spend your days thinking about vehicle programs. That might be why you found yourself searching for federal mileage allowance. We’re…

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Mobile Workforce Motus News

IRS Increases Business Mileage Rate to 62.5 Cents: Rate Effective for Final Six Months of 2022

Motus on June 9, 2022

Motus: Rate Increase Comes at Time of High Fuel Costs, Inflation Impacting Repairs and Maintenance, and Continued Supply Chain Challenges Driving Up Costs BOSTON, Mass., June 9, 2022 – The…

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Mobile Workforce Vehicle Reimbursement

Vehicle Programs: How to Calculate Mileage Reimbursement

Motus on May 25, 2022

Running a mileage reimbursement, or cents-per-mile (CPM), program without a properly-calculated mileage reimbursement rate can result in many challenges. Using a rate that suits their driving employees will help navigate…

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2022 IRS Business Mileage Rate
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Motus News Vehicle Reimbursement

2022 IRS Business Mileage Rate of 58.5 Cents Calculated Using Motus Cost Data and Analysis

Motus on December 17, 2021

Motus Data Analysis Illustrates Trends Informing New Rate, Impact of Pandemic-driven Volatility and Fluctuations, While Providing Guidance on Reimbursement Best Practices  BOSTON, Mass., December 17, 2021 – The Internal Revenue…

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