Paybackable

For those of you (and there are a lot) who have to drive for business, a little good news to go along with the record gas prices. The IRS announced today that the standard mileage rate for business miles will increase 8 cents to 58.5 cents per mile, effective July 1, 2008 through December 31, 2008. You can read the full details on the IRS web site.

Naturally, we will be updating Paybackable to reflect the new rate, so any mileage expenses you enter during that time will have the correct mileage rate based on your date of travel. See? More savings for you, no additional work required:-) But we’d certainly appreciate you telling your friends and business associates about us!

This entry was posted on Tuesday, June 24th, 2008 at 4:47 am and is filed under Expenses, Mileage. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.