tax benefit rule definition and examples
This rule generally restates 145. The business mileage rate for 2022 is 585 cents per mile.
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You may use this rate to reimburse an employee for business use of a personal vehicle and under certain conditions you may use the rate under the cents-per-mile rule to value the personal use of a vehicle you provide to an employee.
. This information will be used by the IRS to substantiate claims for tax benefits. The proposed regulations provide two examples that illustrate the definition of highway vehicle. This information is required to obtain a tax benefit and meet a taxpayers recordkeeping obligations under section 6001.
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