IRS Reimbursement Rate for Mileage

IRS Reimbursement Rate for Mileage

The Internal Revenue Service (IRS) has increased the optional mileage rates for the last six months of 2011.  The optional standard rates is used to calculate the deductible costs of operating an automobile business.

This is important information for nannies who use their privately owned vehicles while working with families.  It is the rate that most nanny agencies recommend to calculate mileage reimbursement for a nanny who uses their personal vehicle to transport children under their supervision.

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On July 21st, 2011, posted in: Latest News by

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