Mileage Reimbursement Calculator

Mileage reimbursement converts driven miles into dollars using the IRS standard mileage rate — currently published annually and designed to bundle fuel, depreciation, insurance and maintenance into a single per-mile figure. The arithmetic is miles times rate plus any tolls or parking you add separately, and for 2024 the standard rate sat near 67 cents per mile, making a 120-mile client round trip reimburse about $80 before tolls. Employer policies sometimes cap at business-only miles excluding commuting, a distinction the calculator surfaces in the guidance text.

Track odometer readings contemporaneously rather than reconstructing later; auditors and managers both trust a mileage log with dates and purpose over a monthly estimate. For electric vehicles the same rate applies officially, though your true per-mile energy cost is lower — the surplus effectively subsidizes depreciation and battery wear.