IRS Raises Mileage Reimbursement Rate & Immigration Update: New I-9 Form, Plus Federal Contractors Must Use E-Verify
Citing the skyrocketing cost of gasoline, the IRS has raised the standard mileage reimbursement rate for the final six months of 2008. From July 1, 2008, through Dec. 31, 2008, the new rate for business mileage is 58.5 cents a mile, up from the 50.5-cent rate that took effect in January 2008.
