Labor & Employment Law

IRS Mileage Rate for 2009 Goes DOWN to 55 Cents

The IRS recently announced the mileage reimbursement rate for 2009.  It is going from 58.5 cents/mile this year down to 55 cents/mile next year.  Here are the details from the IRS announcement:

Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

55 cents per mile for business miles driven

24 cents per mile driven for medical or moving purposes

14 cents per mile driven in service of charitable organizations

The new rates for business, medical and moving purposes are slightly lower than rates for the second half of 2008 that were raised by a special adjustment mid-year in response to a spike in gasoline prices. The rate for charitable purposes is set by law and is unchanged from 2008.

The business mileage rate was 50.5 cents in the first half of 2008 and 58.5 cents in the second half. The medical and moving rate was 19 cents in the first half and 27 cents in the second half.

LINK:  IRS Announces 2009 Standard Mileage Rates

Full post as published by Strategic HR Lawyer on November 30, 2008 (boomark / email).