Ask the Experts: Taxability of Reimbursements for Mileage | FL Employee Benefits Firm

Question: Are amounts an employer reimburses employees for mileage taxable? Answer: They may be; the type of reimbursement plan will dictate whether reimbursement for business travel is or is not taxable. Both accountable plans and non-accountable plans allow an employer to reimburse employees for their business expenses. With an accountable plan, the reimbursement is not … Continued

How Changes to the Mileage Reimbursement Rate and Qualified Transportation Benefits Will Impact Employers in 2018 | Nevada Benefit Advisors

On December 14, 2017, the Internal Revenue Service released the 2018 standard mileage rates used to calculate deductible costs of operating vehicles for business purposes. The rate increased by one cent ¬†from 53.5 cents in 2017 to 54.5 cents in 2018. Employers who adopt the IRS standard mileage reimbursement rate in their employee handbook or … Continued

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