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Mileage rate increase to 48.5 cents
January 2007

The IRS has recently increased the mileage reimbursement rate to 48.5 cents per mile, effective January 1, 2007. This new rate should be used for reimbrusements for expenses taking place after January 1.

Any mileage expenses prior to January 1, 2007 should be reimbursed at the previous rate of 44.5 cents per mile.

 

   
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