A car allowance should be large enough to help employees cover the business-use cost of a personal vehicle, but not so high that the company overpays or creates unnecessary tax waste.

The IRS mileage rate is simple, familiar, and easy to apply. But it was designed as a tax deduction tool, not a customized employee reimbursement strategy. When companies use the same national rate...

Fixed and Variable Rate reimbursement, or FAVR, is an IRS-recognized vehicle reimbursement method for employees who use personal vehicles for work. A FAVR program separates fixed vehicle ownership...

Many employers use the IRS business mileage rate because it is familiar, simple, and easy to apply. However, the IRS mileage rate is a national benchmark. It may not accurately reimburse every...

California, Illinois, Massachusetts, and Seattle have explicit employee expense reimbursement requirements that may affect vehicle reimbursement policies. Other states and jurisdictions may also...

Managing a company vehicle fleet requires more than tracking mileage and fuel spend. Employers also need clear policies for personal use, driver safety, maintenance, MVR monitoring, fuel card...

Many employees and self-employed workers wonder whether they can deduct business mileage on their taxes. The answer depends on employment status. Most W-2 employees cannot deduct unreimbursed...

A growing number of states and local jurisdictions require employers to reimburse employees for necessary work-related expenses. For companies with mobile employees, vehicle reimbursement compliance...