Please be advised that contacting Ruder Ware by e-mail does not create an attorney-client relationship. If you contact the firm by e-mail with respect to a matter where the firm does not already represent you, any information which you disclose to us may not be regarded as privileged or confidential.


Accept   Cancel

Please be advised that contacting Ruder Ware by e-mail does not create an attorney-client relationship. If you contact the firm by e-mail with respect to a matter where the firm does not already represent you, any information which you disclose to us may not be regarded as privileged or confidential.


Accept   Cancel

PAL Login

linkedin.jpgyoutube.jpgvimeo.jpgtwitter_off.png View Ruder Ware

Employment Blog

Gas Goes Down, IRS Mileage Reimbursement Rate Goes Up?

Authored by Mary Ellen Schill
Posted on December 10, 2014
Filed under Employment

This afternoon the IRS issued the standard mileage rates for determining the deductible cost for operating automobiles for various purposes (business, medical, charitable) beginning January 1, 2015. Details can be found here. Even with declining gasoline prices, the reimbursement rate for business purposes actually will increase from 56 cents per mile to 57.5 cents. The standard reimbursement rate takes into account not just gasoline prices, but also insurance and wear and tear. Maybe the cars themselves are getting more expensive to purchase and expensive to maintain?

Anyway, employers that base employee reimbursements on the standard mileage rate will have to shell out more money next year per mile. In prior years with fuel price volatility the IRS has issued mid-year adjustments in reimbursement rates, so stay tuned.