FAVR Mileage Reimbursement Simplified: Benefits and Savings
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For businesses with mobile workforces, FAVR offers a fairer, tax-efficient, and cost-effective mileage reimbursement solution, reducing tax risks and employee dissatisfaction while improving compliance.
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- SAP Concur BlogFAVR Mileage Reimbursement Simplified: Benefits and Savings
SAP Concur blog introduces the FAVR (Fixed and Variable Rate) mileage reimbursement model as an alternative to traditional cents-per-mile, car allowance, and fleet vehicles. Designed for employees driving at least 5,000 miles annually, FAVR includes fixed costs (license, taxes/depreciation, insurance) and variable costs (maintenance, fuel, tire wear), calculated based on actual costs, more equitable and IRS-compliant with no tax burden. SAP Concur FAVR by Motus automates calculations and integrates with Concur Expense.