How To Calculate Mileage Reimbursement?

Determine the total business miles driven

Subtract any personal miles from the total miles

Find the applicable mileage reimbursement rate

Multiply the business miles by the reimbursement rate

Add any eligible tolls or parking costs if allowed by policy

Keep a mileage log with dates, destinations, and trip purposes

Submit the reimbursement claim with required documentation

Verify the employer or tax authority rules for the current rate and limits

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