Sunday, December 14, 2014

2015 IRS Mileage Reimbursement Rate

The IRS has announced an increase in the standard mileage reimbursement rate from 56.0 cents a mile to 57.5.0 cents a mile, effective January 1, 2015.  Click here to read the announcement from the IRS.

Check Invoices and Contracts:  If you're a public agency, make sure you check invoices carefully so that you pay the contractual mileage reimbursement rate you've agreed to, which may be pegged to the IRS rate or may be specified in your contract.  If you're a contractor doing business with the government, review your contract before submitting an invoice so that you submit the correct rate on your invoices.
Mike Purdy's Public Contracting Blog
© 2014 by Michael E. Purdy Associates, LLC

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