Road Warriors get a Break!
Good News for Job-Related Travel!
According to www.compensation.BLR.com, “The Internal Revenue Service has raised the standard-mileage-reimbursement rate for the final six months of 2008, citing recent increases in gasoline prices.
The IRS normally updates the mileage rates once a year in the fall for the next calendar year.
The rate will increase to 58.5 cents a mile for all business miles driven from July 1, 2008, through December 31, 2008. This is an increase of 8 cents from the 50.5-cent rate in effect for the first six months of 2008.”
To read the full story, go to: http://compensation.blr.com