What is the mileage gas compensation right now that my job should pay me?

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What is the mileage gas compensation right now that my job should pay me?

Gas prices are way up and I run errands all day at work for the company. He pays me .40 per mile. I would think that as high as the gas prices are now, it should be more...
Can anyone give me the official website which tells the mileage compensation I should be getting...
Thanks in advance!!

2007-05-16 07:27:36 · 2 answers · asked by Mrs. R 2 in Cars & Transportation ➔ Commuting

2 answers

the IRS 2007 mileage reimbursement is $0.48 1/2 per mile. Whatever you are not reimbursed for you can claim on your taxes.

2007-05-16 09:08:48 · answer #1 · answered by docbrownis 2 · 0⤊ 0⤋

It's set by the IRS (I think), rather than based on the cost of inflation, but I'm not certain. I know my company just paid someone .41 per mile for a trip for a seminar, so your employer is in the ball park.

2007-05-16 07:54:10 · answer #2 · answered by GEEGEE 7 · 0⤊ 0⤋