FAVR Calculator
FAVR is an IRS-approved employee mileage reimbursement method designed to provide fair, accurate payments based on where employees actually live and work, rather than using a national average like a typical cents-per-mile program using the standard IRS mileage rate.
Use our calculator on the right to see how an estimated FAVR reimbursement compares with paying the IRS mileage rate for an example driver.
Programs
Mileage reimbursement /mo
CPM
IRS rate
$0.76 x 2,000mi
Monthly reimbursement
=
$1,520.00
VS
FAVR
Fixed
$412
+
Variable
$0.21 x 2,000mi
Monthly reimbursement
=
$832.00
2,000 business miles/mo
Move the slider to see how one example driver's monthly reimbursement changes under CPM versus the FAVR rates assigned to their program.