What is normal milage pay for a person using their own vehilcle to do work?
Answer:
There's no set amount. However, according to IRS regulations, they allow you to deduct $.485 per mile for tax purposes.
I worked for a company that paid .32 cents a mile back in the late 90's
The 2005 tax allowance was $.37 a mile. What your company will pay varies on what you do for a living. In the oilfiled it can be as high as $2.00 . In typical serivce sector it is about $.45
My company pays $.40 per mile and I am able to deduct the additional $.08 per mile at the end of the year when I file if I wish.
My company that I work for currently uses a 46.5/mi rate.
Depending on your state and IRS rules/laws, the average is about 37 cents per mile. Keep a record log of your mileage to and from your work every day or however many days you're working. This usually only applies for those who are working for their own business such as a business site of your own or a home based business where you're having to drive to and from a client's home/business using your vehicle. Check with your state IRS laws.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: