The Kentucky Mileage Reimbursement Chart is a document used by employers in Kentucky to determine the rate of mileage reimbursement for employees who travel on business. The chart is updated annually by the Kentucky Department of Revenue and is based on the Internal Revenue Service's Standard Mileage Rate. The rate of reimbursement is the same for both business and medical miles driven. The Kentucky Mileage Reimbursement Chart is divided into two types: The Standard Mileage Reimbursement Chart and the Commuting Mileage Reimbursement Chart. The Standard Mileage Reimbursement Chart is used to calculate the amount of reimbursement payable for business miles driven, while the Commuting Mileage Reimbursement Chart is used to calculate the amount of reimbursement payable for commuting miles driven. The amount of reimbursement payable for each mile is determined by the number of miles driven, the type of miles driven (business or medical), and the location of the travel (within or outside of Kentucky).
Kentucky Mileage Reimbursement Chart
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How to fill out Kentucky Mileage Reimbursement Chart?
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FAQ
Mileage reimbursement is when employers offer employees reimbursement for expenses associated with driving on behalf of the business. These expenses can include fuel costs, maintenance and vehicle depreciation. Mileage reimbursement is typically set at a per-mile rate ? usually below $1 per mile.
The standard mileage rate for transportation or travel expenses is 65.5 cents per mile for all miles of business use (business standard mileage rate).
Weight Distance (KYU) ?For each qualified vehicle operating upon the public highways within Kentucky, the weight distance tax is computed by the rate of $0.0285 (2.85 cents) per mile. Tax returns and remittance covering the taxes owed are due on the last day of the next calendar month following each quar?ter.
The Commonwealth of Kentucky mileage rate for Jan. 1, 2023, through March 31, 2023, will be 44 cents per mile. This is a decrease from the 2022 fourth-quarter rate of 46 cents per mile.