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2019 IRS Mileage Rate Increases to 58 Cents
1reports1reporting sources2022-06-29Update
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The mileage rate increase will raise corporate travel costs. Companies need to assess the impact and optimize reimbursement strategies to control costs and maintain employee satisfaction.
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6月29日
- SAP Concur Blog2019 IRS Mileage Rate Increases to 58 Cents
The IRS issued guidance on December 14, 2018, for the 2019 business mileage reimbursement rate, effective January 1, 2019. The rate increased from 54.5 to 58 cents per mile, a 6.4% increase and the highest in over 10 years. SAP Concur advises companies to use data analytics to assess impact, update reimbursement rates, and develop strategies to reduce waste and fraud, such as setting thresholds for personal vehicle use, adopting FAVR programs, or GPS mileage tracking.