I read that the IRS increased the mileage reimbursement to 48.5 cents/mile for business miles driven.

Just confirming this info.

Also, this is something standard across the nation?

Thanks.

I work in Accounts payable for a company. We reimburse up to 40 cents per mile. The IRS can increase it but that does not mean that the Company you work for MUST reimburse you up to 48.5 cents. I know you can claim the extra 8.5 cents on you taxes.

Oh and I'm not sure if it did go up, you'll need to wait for some else's answer for that.

I work in Accounts payable for a company. We reimburse up to 40 cents per mile. The IRS can increase it but that does not mean that the Company you work for MUST reimburse you up to 48.5 cents. I know you can claim the extra 8.5 cents on you taxes.

Oh and I'm not sure if it did go up, you'll need to wait for some else's answer for that.


----------------------------------------------------------------------------------------------------------
Dear Lotz_of_questions: thank you so much for your response :)

See here:

IRS Announces 2007 Standard Mileage Rates (http://www.irs.gov/newsroom/article/0,,id=163828,00.html)

But, as Lotz pointed out this is for tax purposes. While most companies follw the IRS guidelines there is no requirement to.