Mileage Rate Changes For 2006
January 04, 2006
IRS mileage rates have changed again. The Standard Mileage Rates for 2005 were 40.5 cents per mile, from January 1, 2005 to August 31, 2005. The rates were increased to 48.5 cents per mile from September 1, 2005 to December 31, 2005.
Effectively January 1, 2006, the rates have decreased to 44.5 cents per mile. Most employers reimburse their employees using the IRS standard mileage rate.
I have been working for the past year at my current job. I was traveling roughly 200-300 miles a week for office errands. I was reimbursed $.335/mile As I understand it the rate was $.445/mile. What should I do? Let it go? Say something? Please help and if I am asking the wrong people please direct me to someone more knowledgeable please.
Thank you,
Shawn Nicastro 18
Posted by: shawn | May 12, 2006 at 11:12 AM