IRS Mileage Rates Going Up

With the freakish increase in gas prices, it only makes sense that the IRS gets moving and ups irs mileage allowance

They are increasing the irs mileage rate from 50.5 cents per mile to 58.5 cents per mile. The increased irs mileage rates covers miles driven from July 1, 2008, through Dec. 31, 2008. That looks to be a 16% increase. And gas prices have increased over 50%, what a great deal! Yes that is sarcasm you are reading. This just looks to be one more way that we have to carry cost increases on our shoulder while the government provides little help.

Obviously the Mileage Reimbursement is only for people that drive for work or use their vehicle for things other than personal driving, but please make a note of it since you can be losing out on a couple of bucks if you are still expenseing at the 50.5 cents rate.

And due to the great idea to have a .005 on milage, make sure you always drive an even number of miles to get that extra .005 back! These days, you should take everything you can get!

---

NOTE: For posts that contain bonuses, be sure to read the post for bonus expiration dates. Links may work but the bonus may have expired.

---

Other Posts You May Be Interested In:

Ally Bank Increases Savings Rates (Note: all rates are as of 05/07/2010) After watching banks lower their interest rates for the past year, it...

American Express Raising Interest Rates Dropping Some FeesIn today’s economy where banks keep dropping rates on savings products, credit card companies like American Express are raising their...

No 2010 Stamp Price IncreaseWhat does any company do when they are bleeding money? Well raise prices of course. But interesteringly enough for the...