I’m often asked what some of my most popular posts are on the blog. Surprisingly, one topic that always seems to generate interest is the mileage reimbursement rate. I’m not quite sure why. In any event, the new rate became effective January 1, 2012. Remember, this is the optional standard mileage rates. These rates are typically used by businesses… Continue Reading
Tag Archives: mileage
What is the Mileage Reimbursement Rate for Businesses in 2011?
Posted in Human Resources (HR) Compliance, Laws and Regulations, Wage & HourIf it’s December, it means it’s time for the IRS to announce the 2011 optional standard mileage rates. These rates are typically used by businesses to help calculate mileage expenses for employees. And just when you’ve started to remember the optional rate issued by the IRS, the agency changes it. And so it has for… Continue Reading
IRS Adjusts Standard Mileage Rate for 2009 to 55 cents
Posted in Human Resources (HR) ComplianceCalculating mileage expenses is one of those small tasks within a company that sometimes takes up a disproportionate amount of time. And just when you’ve started to remember the optional rate issued by the IRS, it changes it. And so it has for 2009. Effective January 1, 2009, the standard mileage rate for use of… Continue Reading
IRS Updates Mileage Rate for 2008 to 58.5 Cents Per Mile, Effective July 1, 2008
Posted in Human Resources (HR) ComplianceWith gas prices rising, it’s no surprise that the IRS issued a statement yesterday adjusting the standard business mileage rate for 2008 is 58.5 cents per mile. The new rate for business miles is 8 cents higher than it was for the first six months of 2008, which I had noted in an earlier post. The IRS posted the… Continue Reading
