What's your mileage rate?

We're at .33. When gas prices went up earlier this summer, our HR department decreased the mileage. AND they require all employees who drive as a part of their position to provide proof of automobile insurance and the coverages. Man, that action riled up folks in our office big time.

 

DyePack-What's the rate for '06?


Scorpio-I itemize and it did work for me.

 

We've had to provide proof for years. Don't provide the necessary stuff every year and your checks are held up until you do. And we have to have something like $1 million worth of coverage when you add everything up.

 

My shop pays $.40, and that's been in effect for about a year. I'm sure there are some better ones out there, but not many.

 

I think they split the difference and made it 44.5 cents per mile.

 

We're at $0.34.

This is my first job where I get reimbursed for mileage, so it never occurred to me to take the tax deduction on the difference (I do itemize). Thanks guys!

 

30 cents ... do you have to have receipts to cailm it all back on taxes?

 

Receipts are needed if you're audited or if you use the "actual expenses" method, rather than the standard mileage method.

 

zman, I always use the same credit card to pay for gas, so whenever I've claimed mileage before (as a "self-employed" referee and other things) I've always used the credit card statement as proof of purchase. Not sure how that would hold up in an audit, but it works for my purposes.

 

Probably depends on if the auditor is an asshole.

Credit card receipts should be fine, but who says you're not buying $5 worth of stuff inside the convenience store?

 

i'll have to check my statements, thanks cadet.

 

Currently 33 Canadian cents per kilometre... which, after all the conversions, comes out to 48 cents US per mile. Sliding scale, union-negotiated by yours truly back in May.