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mileage reimbursement rates

IRS to Increase Standard Mileage Rates

WASHINGTON – The IRS is increasing the optional standard mileage rates for operating an automobile for business purposes for the last half of 2011.

IRS Increases Mileage Rates

The rate will increase to 58.5 cents a mile for all business miles driven from July 1, 2008, through Dec. 31, 2008.

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