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Old 11-07-2008, 02:20 AM
 
Location: UK
298 posts, read 1,010,472 times
Reputation: 114

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Thought I would ask you guys this.

My H is just looking over his new contract (we are moving to the states from the UK) and his business mileage paid through work is 10c. Is this normal?

In the UK we get paid up to 40p (which probably works out about 60c). I know gas is more expensive here but cars are also much more economical.
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Old 11-07-2008, 04:44 AM
 
Location: Ashburn, VA
989 posts, read 2,856,285 times
Reputation: 655
The standard federal tax deduction is 58.5 cents currently. The federal government and most companies will reiumburse you at this rate for business. If they don't reimburse, you can take it off your taxes as a deduction. Some companies also have an extra rate they add for your time. Companies call this different things. You may want to double check the contract to see if it provides for the federal mileage reimbursement on top of the 10 cents. It may not list this number separately, as the mileage deduction is subject to change based on the price of gas.
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Old 11-07-2008, 05:20 AM
 
Location: UK
298 posts, read 1,010,472 times
Reputation: 114
That's brilliant. Thanks so much.
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Old 11-07-2008, 09:59 AM
 
Location: Springfield
2,765 posts, read 8,330,006 times
Reputation: 1114
you might want to live near public transportation, that way it can possibly be reimbursed 100%
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