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7 answers

I work for a nationwide company and this announcement just came out today.

"The IRS announced (Rev Proc 2006-49, I.R.B. 2006-47, November 1, 2006) that the standard mileage rate will increase 4¢ to 48.5¢ a mile for all business miles driven after December 31, 2006, up from 44.5¢ for 2006."

2007-01-04 03:25:26 · answer #1 · answered by bigbit22 3 · 0 0

I work for a company in ohio and sometimes I run errands. I get paid 48 1/2 cents per mile. I know my boss keeps a decent eye on what the mandated rate is. I'm not sure if this by the state at a federal level. I just did a quick search about 5 seconds is what it took. http://www.koco.com/money/10264526/detail.html Read the first paragraph you should be getting paid 48.5 cents per mile as of january 1, 2007

2007-01-04 03:22:21 · answer #2 · answered by Anonymous · 0 0

The IRS has a standard rate for automobile mileage. In 2006 it was $0.445/mile. That is probably a good rate to use as the IRS does studies to determine the cost of normal car operation.

2007-01-04 03:48:12 · answer #3 · answered by jrex 1 · 0 0

WOW! These answers are funny, try living in the UK - youd want at least 70c per mile to keep on the road....

Petrol in the states is virtually free! Why not ask your employer to buy you a bicycle and curb a bit of global warming??!

2007-01-04 03:33:00 · answer #4 · answered by snurge 1 · 0 0

Take the local price of a gallon of gas and divide it by eight.
That accounts for gas mileage of eight miles per gallon,

2007-01-04 04:26:17 · answer #5 · answered by Anonymous · 0 0

I believe the current government rate is around 45 cents/mile. That would cover gas, i.e. you wouldn't get reimbursed for both mileage and gas.

It is up to your employer whether they will reimburse you for mileage or not.

2007-01-04 03:10:44 · answer #6 · answered by Phoenix, Wise Guru 7 · 0 0

At my office in Indiana, they pay between 0.38 and 0.44 a mile.

2007-01-04 03:12:00 · answer #7 · answered by aviellesmom 2 · 0 0

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