Mileage Reimbursement Calculator
The mileage reimbursement calculator is a helpful tool that allows to calculate a business deduction for federal income tax purposes. If you are using a personal vehicle for business, medical, or charitable purposes, you may find it useful to find your IRS mileage reimbursement. If you are driving for any of the three purposes, business, medical, or charity, you can make some deductions from your expense account.
The federal mileage rates for each of them are announced yearly. In the next sections, you can find out more about this topic, like what is mileage reimbursement, how to find the proper standard mileage rate, how much is mileage reimbursement, and how to calculate IRS mileage reimbursement on your own.
What is mileage reimbursement?
IRS mileage reimbursement is an amount per mile ($/mile) that the IRS allows businesses to reimburse their employees for trips made using a personal vehicle. This amount is unrelated to the car type. Besides the mileage reimbursement rate form, taxpayers have the option of calculating the actual costs. However, not all costs can be involved in IRS mileage reimbursement, for example, food, lodging, parking fees, tolls, minor accidents, or repairs. Standard mileage rates include fuel, oil changes, depreciation, insurance, etc.
Standard mileage rates
Rates are announced yearly by the IRS, and you may find all of them on their website. Below, you may find a few examples of previously announced federal mileage rates for the three purposes. Based on these values, you will be able to calculate mileage reimbursement. Follow the steps in the next section to learn how to do this yourself.
Purpose | 2024 | 2023 | 2022 (H2) | 2022 (H1) | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
Business | $0.67 | $0.655 | $0.625 | $0.585 | $0.56 | $0.56 | $0.58 | $0.55 |
Medical | $0.21 | $0.22 | $0.22 | $0.18 | $0.16 | $0.17 | $0.20 | $0.18 |
Charity | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 |
How to calculate IRS mileage reimbursement
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Define your tax year for the IRS mileage rate.
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Find your mileage reimbursement rate — you may use the data in the previous section.
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Count the miles that were driven for each purpose (business, medical, or charity).
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Multiply the miles from point 3 with the IRS mileage rate from point 2.
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Your IRS mileage reimbursement is calculated!
How much is mileage reimbursement?
In this section, you will see an example of how to use federal mileage rates in practice. Let's imagine that an employee drove 50 miles for business purposes, 30 miles for medical purposes, and 100 miles for charity purposes in 2019. Accordingly, the mileage reimbursement rates are $0.58$0.58, $0.20$0.20, and $0.14$0.14 respectively. Your reimbursement in this example would be $49$49. You can check the calculations below for the IRS mileage reimbursement:
That is:
FAQs
- What does the Mileage Reimbursement Calculator do?
- The mileage reimbursement calculator helps you calculate any tax deductions for using your vehicle in the U.S.A. Use the calculator above for instant results in your browser.
- Is the Mileage Reimbursement Calculator free to use?
- Yes. All Try To Calculator tools are free and do not require an account.
- Are my inputs stored or sent to a server?
- No. Calculations run locally in your browser. We do not collect the numbers you enter or the results shown.
- Can I use the Mileage Reimbursement Calculator for professional decisions?
- This tool is for education and quick estimates. For medical, legal, tax, or financial decisions, verify results with a qualified professional.
- Where can I find related calculators?
- Browse more Finance tools on Try To Calculator at /finance, or use the related calculators section on this page.
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