• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

With gas prices going up, are you increasing mileage rates?

by on
in The HR Specialist Forum

Question: “With gas prices over $3 per gallon, we’re hearing grumbling from our road warriors that they need a higher per-mile reimbursement rate. We’re already above the IRS guidance. What are other organizations doing to cope with the rising price of gas?”—Trey, SLC


Comments

The Internal Revenue Service just last week issued the 2008 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business purposes. Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be 50.5 cents per mile for business miles driven. That's up from 48.5 cents per mile in 2007.

Get a summary of the new rate here: http://www.irs.gov/newsroom/article/0,,id=176030,00.html

The full-blown official IRS word may be found at: http://www.irs.gov/pub/irs-drop/rp-07-70.pdf

For even more help from a government agency, we're pleased to present OSHA's Tips for Safe Winter Driving. Feel free to pass along this link to employees who must drive in wintry weather:

http://www.osha.gov/Publications/safeDriving.html

thats all fine but doesnt help with normal commutes and my company doenst believe in COLA, or yearly increases for exceptional service. they have these ceilings and would rather a great employee quit to hire a HS kid than pay me a little more.

Leave a Comment