IRS Increases Mileage Reimbursement Rate

Posted on June 29, 2011 by Daniel Burnick

The IRS announced, effective July 1, 2011 that the mileage reimbursement rate is being raised to 55.5 cents a mile on vehicles used for business purposes.  The current rate is 51 cents.  The mileage reimbursement rate for medical or relocation purposes will increase from 19 cents to 23.5 cents per mile.  Mileage for charitable purposes will remain at 14 cents.  IRS Commissioner Doug Shulman stated that "This year's increased gas prices are having a major impact on individual Americans....We are taking this step so the reimbursement rate will be fair to taxpayers."

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