Comments on: IRS to raise mileage rate again? http://www.financeregs.com/irs-to-raise-mileage-rate-again/ Breaking news & updates for Finance and Accounting pros Sat, 18 Jun 2011 10:45:55 +0000 hourly 1 http://wordpress.org/?v=abc By: Carol Katarsky http://www.financeregs.com/irs-to-raise-mileage-rate-again/comment-page-1/#comment-22 Carol Katarsky Fri, 16 May 2008 00:47:16 +0000 http://www.financeregs.com/?p=44#comment-22 DJ: You make a good point about the charity rate. That's actually determined by Congressional legislation, but the business rate is determined largely by a yearly study of travel costs. Since the rate hasn't changed in years, I can only assume that reimbursing charitable volunteers isn't high on Congress' priority list. Perhaps in an election year they'll be inclined to be more generous. DJ: You make a good point about the charity rate. That’s actually determined by Congressional legislation, but the business rate is determined largely by a yearly study of travel costs.

Since the rate hasn’t changed in years, I can only assume that reimbursing charitable volunteers isn’t high on Congress’ priority list. Perhaps in an election year they’ll be inclined to be more generous.

]]> By: DJ (aka bigfanx) http://www.financeregs.com/irs-to-raise-mileage-rate-again/comment-page-1/#comment-21 DJ (aka bigfanx) Thu, 15 May 2008 23:44:24 +0000 http://www.financeregs.com/?p=44#comment-21 Person Campbell: If companies can't afford to pay the reimbursement, they sure as heck can't afford to do without the business it generates. Sales force members that contact potential clients and keep in touch personally with existing clients contributes to the revenues. When staff members use their PERSONAL vewhicles to make these contacts, I'm thinking the company surely wouldn't be able to afford company cars, taxes on vehicles, licenses, insurance as other expenses. Why do you oppose the reimbursement increase? On another note, volunteers for charity can only claim 14 cents per mile for their transportion costs... it's been that way for a few years... it's HIGH TIME that changed! Person Campbell: If companies can’t afford to pay the reimbursement, they sure as heck can’t afford to do without the business it generates. Sales force members that contact potential clients and keep in touch personally with existing clients contributes to the revenues. When staff members use their PERSONAL vewhicles to make these contacts, I’m thinking the company surely wouldn’t be able to afford company cars, taxes on vehicles, licenses, insurance as other expenses. Why do you oppose the reimbursement increase?

On another note, volunteers for charity can only claim 14 cents per mile for their transportion costs… it’s been that way for a few years… it’s HIGH TIME that changed!

]]> By: Dana Campbell http://www.financeregs.com/irs-to-raise-mileage-rate-again/comment-page-1/#comment-20 Dana Campbell Thu, 15 May 2008 19:11:10 +0000 http://www.financeregs.com/?p=44#comment-20 What about those companies that can't afford to just pay more? Increasing the product cost is not always an option to cover these additional expenses. Squeeze the employer once again... What about those companies that can’t afford to just pay more? Increasing the product cost is not always an option to cover these additional expenses. Squeeze the employer once again…

]]> By: Roxie Gentzel http://www.financeregs.com/irs-to-raise-mileage-rate-again/comment-page-1/#comment-14 Roxie Gentzel Thu, 15 May 2008 16:45:28 +0000 http://www.financeregs.com/?p=44#comment-14 I agree with you about the potential for another mileage rate hike but would like to point out that the current rate is now 50.5 cents/mile. Car pooling may become a necessity plus a benefit that companies should investigate for their 'burb dwelling' workers. I agree with you about the potential for another mileage rate hike but would like to point out that the current rate is now 50.5 cents/mile. Car pooling may become a necessity plus a benefit that companies should investigate for their ‘burb dwelling’ workers.

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