IRS Announces an INCREASE in Mileage Reimbursement Rates

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Higher fuel prices have prompted the Internal Revenue Service to raise the reimbursement rate for mileage incurred in business use to 55.5 cents. This change went into effect July 1.
 
The previous reimbursement rate for vehicle use is 51 cents.
 
For more information, visit www.irs.gov.

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