Post: Gas reimbursment instead of mileage?
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Posted by Bradley on 1/13/10
I recently accepted a job in my hometown, we'll call it "City A". However, I am required to travel to the Corporate office 3 days per week in "City B", which is 220 miles (each way). The other 2 days I work at the office in my hometown. The original agreement was the company will reimburse my mileage at .55 per mile. After a month of travel, the company has realized how much it's costing them for my weekly travel to corporate. The CEO just informed me they are now implementing a policy where the company will ONLY reimburse gas (with receipt). They will not pay a mileage rate. My question: how will I be compensated for wear & tear, depreciation, maintenance, higher insurance costs, etc.? Will it benefit me at tax time or will I loose a lot of money? I expect I'll travel about almost 23,000 business miles this year for the firm. HELP!
Posts on this thread, including this one
- Gas reimbursment instead of mileage? , 1/13/10, by Bradley.
- Re: Gas reimbursment instead of mileage? , 2/09/10, by N Ashley.
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