IRS Mileage Rate

The IRS mileage reimbursement rate, currently 58.5 cents per mile, does not always fairly reimburse your driver population for business use of their personal vehicles.   Some points to consider:

• The IRS mileage reimbursement rate is not geographically-sensitive; drivers in high-cost
  areas may be under-reimbursed for actual expenses incurred; drivers in lower-cost areas
  may be over-reimbursed.
• The IRS mileage reimbursement rate is
  usually adjusted yearly; unstable fuel prices
  can change daily.
• The IRS mileage reimbursement rate can be
  an effective reimbursement for those who do
  not drive a significant amount of business miles.

For some, the IRS mileage reimbursement rate is a fair reimbursement guideline.   For too many, however, the IRS mileage reimbursement rate doesn’t accurately reflect vehicle ownership and operating expenses.