Mileage Reimbursement Rates for 2007
The IRS recently announced the mileage reimbursement rates for 2007. Beginning Jan. 1, 2007, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be:
- 48.5 cents per mile for business miles driven;
- 20 cents per mile driven for medical or moving purposes; and
- 14 cents per mile driven in service to a charitable organization.
Thanks to the folks at Shaw Valenza for reminding me of this.