Minnesota Mileage Reimbursement Form
Description
How to fill out Mileage Reimbursement Form?
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FAQ
Minnesota state law authorizes public entities in the state to reimburse employees for miles driven in personal vehicles. The law says that the miles must be driven for conducting official business.
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.
The IRS will also accept a written record, such as a diary, trip log or notebook, in which the employee notes each expense at or near the time it occurred. For mileage reimbursement, the record should contain the vehicle's beginning and ending odometer readings, the dates, and the purpose of the trip.
On the federal level, there is no requirement for employers to reimburse employees for mileage when using personal vehicles for company purposes. However, all employers are federally required to reimburse employees for any work-related expense to a point.
58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021, 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for 2021 and.
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.
December 31, 2022 Employees should note that the university actually utilizes two reimbursement rates. The IRS standard mileage reimbursement rate (58.5 cents per mile) is used when a state owned vehicle is not available.
The standard IRS mileage rate for the business use of an employee's personal automobile has decreased on January 1, 2021, from 57.5 to 56 cents per mile. The state bargaining agreements and compensation plans base mileage reimbursement rates on the standard IRS mileage rate that's in place at the time of travel.
Change in IRS mileage rate effective January 1, 2022 The Internal Revenue Service announced a change in the optional standard mileage rate effective January 1, 2022. The rate will increase to 58.5 cents per mile for all business miles driven after December 31, 2021. This is a increase of 2.5 cents per mile.
