WOODTV.com & WOOD TV8 - Grand Rapids news and weather - Gas prices push IRS to temporarily increase mileage reimbursement rate: "Gas prices push IRS to temporarily increase mileage reimbursement rate
(AP-Washington, September 9, 2005, 2:33 p.m.) The Internal Revenue Service, recognizing increased gas prices around the country, on Friday increased the mileage reimbursement rate that workers claim when they use personal cars for work.
The decision raised the rate to 48.5 cents a mile for the last four months of the year, after which the tax agency plans to look again at gas prices and reevaluate the rate."
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