Gas Mileage reimburesement!!!

[jerrico]

I have heard that IRS will increase gas millage reimbursement for this year because gas price is high!

this is what I have read in financial times newspaper ( my local newspaper)

Small business could take another financial hit when Internal Revenue Services( IRS)- my best friend when I don't have to deal with them...

IRS say that gas mileage reimbursement rates increase almost 16 percent this week, some economics analysts have cautioned. Many of the smaller business are probably more vulnerable to these types of price increases because the owner's stability and financial status is very close to the financial status and stability of the business! it mean that a lot of business lost millions if not billions of dollars because of high gas price!! everyone is affected because of high gas price!

so IRS increase tax reimbursement from 50.5 cents per mile to 58.5 cents! this is good news!