Kentucky Mileage Reimbursement Form
Description
How to fill out Mileage Reimbursement Form?
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FAQ
For employers that use the Commonwealth of Kentucky mileage rate, the rate for January 1, 2022, through March 31, 2022, will remain at 44 cents per mile.
Effective October 1, 2021, through December 31, 2021, the mileage reimbursement rate is $0.44 per mile. Effective July 1, 2021, through September 30, 2021, the mileage reimbursement rate is $0.44 per mile.
Certain goods are exempt from sales and use tax including coal and other energy-producing fuels, certain medical items, locomotives or rolling stock, certain farm machinery and livestock, certain seeds and farm chemicals, machinery for new and expanded industry, tombstones, textbooks, property certified as an alcohol
Calculating mileage reimbursement is relatively simple. To find your reimbursement, multiply the number of business miles driven by the IRS reimbursement rate. So if you drove 1,000 miles and got reimbursed . 56 cents per mile, your reimbursement would be $560 (1,000 miles X $0.56 = $560).
In 2021, the standard IRS mileage rate is 56 cents per mile for business miles driven, 16 cents per mile for moving or medical purposes and 14 cents per mile for charity miles driven.
The tax rate is $0.0285 cents per mile. You are also able to purchase a one-time temporary KYU Permit per truck in200b the event you are not making regular trips through the state of Kentucky.
Effective October 1, 2021, through December 31, 2021, the mileage reimbursement rate is $0.44 per mile. Effective July 1, 2021, through September 30, 2021, the mileage reimbursement rate is $0.44 per mile.
Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 cents per mile for business miles driven, down 1.5 cents from the 2020 rate. 16 cents per mile driven for medical or moving purposes, down 1 cent from the 2020 rate.
