Mileage Reimbursement Rate Raised by IRS


The IRS has raised the rate for calculating the deductible cost of operating an automobile for business purposes. Starting from January 1, 2011 the rate will be 51 cents a mile, up from 50 cents a mile this year.

In West Virginia, the rate at which employees will be reimbursed for using their own personal vehicles for offcial business was reduced from 44.5 cents per mile to 40.5 cents in February. This has remained unchanged since then.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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