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Reimbursement policy for use of a personal vehicle
September 17, 2021
Q. When an employee uses a personal vehicle for company travel, should the employee be reimbursed for both gas and mileage?
A.
(Answered by the IOFM Advisory Panel)
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With our company, it’s an either/or situation. Either gas reimbursement or mileage. Not both.
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We reimburse mileage only—at the federal rate. In 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:· 56 cents per mile driven for business use, down 1.5 cents from the rate for…
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