Mileage Reimbursement Rate Increase

The IRS has announced a 4.5 cent increase in the standard mileage rate to be in effect for the last six months of 2011. Effective July 1, 2011, employers who use the IRS rate to reimburse employees for business mileage must pay 55.5 cents per mile. If you use your own vehicle during the course of discharging your job duties and have not been paid for mileage, you may be owed compensation.

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