Irs Boosts Mileage Rate for Businesses; Temporary Change in Midyear a Response to High Pump Prices
The Milwaukee Journal Sentinel › September 10, 2005
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Summary
The Internal Revenue Service on Friday increased the mileage reimbursement rate that businesses can deduct as an expense to 48.5 cents a mile.
The rate had been 40.5 cents a mile since the start of the year. The new rate will be retroactive to Sept. 1 and expire at the end of 2005.See the full content of this document
Extract
Irs Boosts Mileage Rate for Businesses; Temporary Change in Midyear a Response to High Pump Prices
In a conference call with reporters, IRS Commissioner Mark W. Everson said the IRS also was incr...
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