
IRS Mileage Rate History | Historical IRS Mileage Rates Explained (1997-2025)
Every year, the IRS releases its standard mileage rate, a rate per mile that individuals and businesses can use to calculate tax deductions or reimbursements
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Every year, the IRS releases its standard mileage rate, a rate per mile that individuals and businesses can use to calculate tax deductions or reimbursements
Every year, the IRS releases its standard mileage rate, a rate per mile that individuals and businesses can use to calculate tax deductions or reimbursements
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Using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements. See how much TripLog can help you save!
Number of drivers
Average miles daily per person
Number of trips daily
Cents-per-mile
Annual mileage reimbursement costs based on the numbers you provided.
Annual Mileage Reimbursement
50 mi/day x 100 drivers x $0.70 (5 days x 50 wks)
$675,000
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According to research, on average employees inflate the mileage by 25% when self reported.
Estimated Reimbursement Savings
$168,750
People on average spend 2 minutes on manually recording trips.
Manual Entry Hours
2 mins x 10 trips/day x 100 drivers (5 days x 50 wks)
8,334 hr
Taking national average $25 hourly rate.
Estimated Labor Savings
Avg. $25/hr x Manual Entry Hours
$208,334
Your Company
(Labor Savings + Reimbursement Savings) / Number of Drivers
$4,167
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