IRS and gas prices

Published 6/2/08

Holy moly — I haven’t looked in a while.

The current IRS standard mileage rate — which, among other things, is what any reasonable business reimburses employees who drive on company business — is now 50.5 cents per mile.

(Last I looked it was 38 or 39 cents.)

The Fray

One response so far (add yours)

dot says:

wow - you could probably make a profit on this amount driving a Prius!

June 14th, 2008 at 7:55 PM

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