Reimbursement form final docx 2025

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To take the standard mileage deduction, youll have to report the total miles the vehicle was driven in the tax year. This figure is reported on Form 2106: Employee Business Expenses. 9 Record the vehicles odometer at the beginning and the end of the tax year.
Regular Reimbursement Requests For non-travel reimbursements, documentation must include a copy of the final invoice or receipt rendered by the vendor at the time of purchase. Invoices and receipts must be properly itemizedlump sum totals for multiple different items on a single receipt are not acceptable.
Write down the date, the purpose of your trip, your starting and ending locations, and the beginning and ending odometer readings on each trip. Subtract the starting reading from the ending reading to find out how many miles you drove. Make sure to keep this record updated regularly for accurate tracking.
Example of mileage reimbursement Company ABC pays its sales staff 58 cents per mile driven to and from customer locations. As an employee, you are sent to meet with XWY Builders, a round-trip journey of 50 miles. Using the companys cent-per-mile formula, you would receive 0.58 cents X 50.
A standard reimbursement form should include the following fields: Personal information: Employee name, department, and contact details. Expense details: Type of expense (e.g., travel, meals, or supplies), the amount, and the date incurred. Receipts: Upload receipts to verify claims.
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Use: The OF-1164 is a payment mechanism used to reimburse employees for official expenses.
Lets say an employee drove 200 miles for business using their personal vehicle. In this scenario, lets also assume the company is using the 2025 standard IRS mileage rate of 70 cents per mile. Below is a simple reimbursement calculation using this rate: reimbursement amount = miles * rate.

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