Effective January 1, 2011, the Internal Revenue Service standard mileage reimbursement rate increased from 50 cents per mile to 51 cents per mile.
In order to keep current with the IRS mileage rate, many public agencies simply list the "current IRS mileage reimbursement rate" in their contracts as the basis of reimbursing consultants for their miles, rather than listing a specific amount.
Click here to read the IRS news release with more information.
Mike Purdy's Public Contracting Blog
© 2011 by Michael E. Purdy Associates, LLC
http://PublicContracting.blogspot.com
Posts
No comments:
Post a Comment