IRS Mileage Reimbursement Rate

In 2008, the IRS mileage reimbursement rate changed twice because of the rising gas prices. During the first half of 2008, the IRS business mileage reimbursement rate was 50.5 cents and 58.5 cents in the second half. The medical and moving rate was 19 cents in the first half and 27 cents in the second half. Although 2009’s IRS mileage reimbursement rate demonstrates higher costs than earlier rates, it was adjusted down to 55 cents from the second half of 2008 to reflect lower gas costs.

This is a standard benefit employers offer to employees who must drive their car on work-related business. Take a look at additional non-standard benefits you may want to think about during this economic downturn. You don’t want to be an employer who loses your best people when the economy begins to recover.

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