Monday, January 4, 2010

Annual Change in Mileage Reimbursement

From the OSCN website:

The Internal Revenue Service has announced a decrease in the mileage reimbursement rate, effective January 1, 2010, to $0.50 per mile. This is a decrease from the $0.55 rate for 2009. (See IR-2009-111, Dec. 3, 2009, Internal Revenue Procedure 2009-54). The new rate is for travel incurred on and after January 1, 2010, not for 2009 travel reimbursement claims submitted after January 1st.

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