IRS Mileage Rate Increased to 55.5 Cents

For those of you that get reimbursed for your business travel at the IRS mileage rate, this is news you can use. Effective July 1, 2011, the IRS increased the mileage rate by 4.5 cents to 55.5 cents per mile. The rate for the first six months of 2011 is 51 cents.

With the outrageous cost of gas these days, every little cent counts. 

Source:  IRS.gov

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