IRS

Motus Reveals Trends Underpinning the New Rate in Wake of COVID-19, and Guidance on Mileage Reimbursement Practices BOSTON, Mass., December 22, 2020 – The Internal Revenue Service (IRS) today announced the 2021 business mileage standard rate of 56 cents, calculated with data provided by Motus. As the definitive leader in reimbursement solutions for businesses with…

How will the 2019 IRS standard mileage rate impact your business? The 2019 IRS standard mileage rate was announced today as $0.58. Next year’s rate increased 3.5 cents from the 2018 rate. Also referred to as the IRS Safe Harbor Rate, the IRS mileage reimbursement rate and IRS business mileage standard, the IRS standard mileage…

Understanding This New Watermark and How to Navigate Mileage Reimbursement Methods for Different Business Needs BOSTON, Mass., December 14, 2018 –The Internal Revenue Service (IRS) today announced the 2019 national business mileage rate of 58 cents. The IRS calculates the rate using data provided by Motus, the premier vehicle management and reimbursement platform*. Based on…

What the 2019 IRS Mileage Rate means for your company  As sure as snowfall in winter, the IRS announced the mileage rate of $0.58 for 2019. This rate impacts any company that has employees who drive for work. So, most companies. But what does this rate mean? How will it impact your business? Well that’s what this post is all about. …