Understanding Transport Reimbursement Eligibility
Transport reimbursement is essential for businesses and employees to manage travel-related expenses effectively. Eligible expenses typically include mileage, parking, public transportation, lodging, and meals during business trips. In the U.S., the IRS sets specific rates for mileage, which have increased from 54.5¢ per mile in 2018 to 72.5¢ per mile in 2026 due to rising fuel and vehicle costs. Ensuring compliance with these rates is crucial for non-taxable reimbursements under IRS rules.
Harvest aids in tracking reimbursable expenses like mileage through its expense tracking module, simplifying the process of documenting and managing these costs. This integration supports businesses in maintaining compliance and accurate recordkeeping without the manual errors often associated with traditional methods.