Economics > Government Mileage Allowance Increases
Via email from a colleague. IRS Increases Mileage Rate Until Dec. 31, 2005:
IR-2005-99, Sept. 9, 2005
WASHINGTON – The Internal Revenue Service and Treasury Department announced today an increase to the optional standard mileage rates for the final four months of 2005.
The rate will increase to 48.5 cents a mile for all business miles driven between Sept. 1 and Dec. 31, 2005. This is an increase of 8 cents from the 40.5 cent rate in effect for the first eight months of 2005, as set forth in Rev. Proc. 2004-64.
Posted by lesjones