News & Analysis as of

Income Taxes › Mileage Reimbursement

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect... more +
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -
Ervin Cohen & Jessup LLP

Employer Reminder: Local Minimum Wage Increases on July 1, 2025, and Current Mileage Rates

Ervin Cohen & Jessup LLP on

Each year on July 1st, a number of local municipalities and the County of Los Angeles raise their hourly minimum wage, based on changes to the consumer price index, and as required by local minimum wage ordinances. ...more

Ervin Cohen & Jessup LLP

2025 IRS Mileage Rates Have Been Announced

Ervin Cohen & Jessup LLP on

The 2025 mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes have increased or remained unchanged from 2024, when rates were last modified....more

Miller & Martin PLLC

The 6th Circuit Splits the Pie in Parker v. Battle Creek Pizza FLSA Litigation

Miller & Martin PLLC on

Classic Domino’s ads warned to “Avoid the Noid.” Recently, the plaintiff’s bar has been the Noid for pizzerias and similar restaurants. These employers typically pay delivery drivers minimum wage, minus a tip credit, and...more

Ruder Ware

IRS Releases Mileage Rates for 2023

Ruder Ware on

The Internal Revenue Service issued the 2023 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes.  The most notable change...more

McDermott Will & Schulte

Weekly IRS Roundup June 27 – July 1, 2022

McDermott Will & Schulte on

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 27, 2022 – July 1, 2022...more

Littler

IRS Raises Standard Mileage Rate for July to December 2022

Littler on

On June 9, 2022, the Internal Revenue Service issued Announcement 2022-13, increasing the optional standard mileage rate for the final six months of 2022 from 58.5 cents per mile to 62.5 cents per mile.  The new rate will be...more

Ruder Ware

Pain at the Pump: IRS Announces Mid-Year Adjustment of Business and Medical Mileage Rates

Ruder Ware on

Due to the increase in the cost of gasoline since establishing the 2022 rates last year, the Internal Revenue Service is increasing mid-year the optional standard mileage rates for computing the deductible cost of operating...more

Ruder Ware

Increase in Gasoline Prices Means Increase in Optional Standard Mileage Rates for 2022

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2022, and the increase in rates...more

Ruder Ware

Lower Gasoline Prices Means Decrease in Optional Standard Mileage Rates for 2021 Wage Base

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2021, and the decrease in rates...more

Ruder Ware

Cheaper Gasoline Prices Means Decrease in Optional Standard Mileage Rates for 2020

Ruder Ware on

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2020, and the decrease in rates...more

Ward and Smith, P.A.

Reimbursing Employees? Remember That Form Matters!

Ward and Smith, P.A. on

As an inducement to recruit and retain employees, employers often agree to offer employees certain expense reimbursements. However, if these reimbursement arrangements fail to meet certain requirements, the employer and...more

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