2008 IRS Mileage rate

:w00t:

new irs rate of 50.5 cents per mile

see: http://www.irs.gov/newsroom/article/0,,id=176030,00.html

[annaedRN, RN]

Our agency just increased ours from 48.5 to 50.5 cents. I guess any little bit helps!!

[traumaRUs, MSN, APRN]

I too get mileage - yeah!

I drive a hybrid now and I get pretty good gas mileage.

[cookie102]

we are still at 0.37:o

[jnette, ASN, EMT-I]

we are still at 0.37:o

LOL !!! Well............................. We went up to $0.38 earlier this summer.

Do geographical regions make the difference, or should it be uniform across the board, or just how does that work, anyway???

[annaedRN, RN]

As far as I know, the IRS rate is for nation wide. But it is not mandated that agencies reimburse that amount. Maybe check into if you keep track of your mileage that you could claim the difference in reimbursement on income taxes ( if you aren't at that 50.5 cents ) ??? Might be worth a shot

[NRSKarenRN, BSN, RN]

dhyser96 is correct. you can deduct from your taxes difference between what your company pays for mileage and irs rate on your taxes as allowed to deduct wear and tear on personal vehicle used for work that is not reimbursed. must beep mileage log to prove this....consult tax adviser for official advice.

see: revenue procedure 2007-70 contains additional information on these standard mileage rates.