IRS Mileage Rate Increases July 1
Just in case you have not heard!
The IRS has announced a 4.5 cent increase in the standard mileage rate to be in effect for the last six months of 2011. Effective July 1, 2011, employers who use the IRS rate to reimburse employees for business mileage must pay 55.5 cents per mile. We will post any further changes here.