IRS Increases Mileage Reimbursement
Tuesday, June 24th, 2008Yesterday the IRS raised the standard mileage reimbursement rate to 58.5 cents (up from 50.5 cents). Yes, I know it’s not the “reimbursement
rate”, but instead the deduction amount. Anyway, I do an awful lot of road work for my company and am reimbursed at a rate of 37 cents per mile. I realize they could [...]