For several years, one of the most popular posts on my blog was the one where I listed the mileage reimbursement rate for businesses. It’s been relatively stable, but this year brings about another small change.
In any event, the new rate became effective January 1, 2015. Remember, this is the optional standard mileage rates.
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
If 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..jpg)
And so it has for
Calculating 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
With 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