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The election must be made each year by the employee. A Guide to Travel and Mileage Reimbursement in India.
Mileage Reimbursement 2025 Magdalena Girard The IRS is raising the standard mileage rate by 3 cents per mile for 2025 The IRS analyzes these fixed and variable costs and deductible costs to determine accurate and equitable mileage reimbursement rates Example: If the IRS rate is 70 cents per mile and an employee drives 100 miles for work, the reimbursement will be 100 miles x $0.70, equaling $70.
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