The Financial Edge
Online Article
Business Mileage Reimbursement Rates
The Internal Revenue Service issued the 2007 optional standard mileage rates. Beginning January 1, 2007, the standard mileage rates for use of a vehicle for business will be 48.5¢.
For your convenience, rates for previous years are as follows:
2005
Jan 1 – Aug 31 40.5¢
Sep 1 – Dec 31 48.5¢
2006
44.5¢
2007
48.5¢
