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Gas mileage reimbursement rates for business according to the IRS, including under what circumstances it can be requested

As mentioned by the IRS, several business and the others due to a high gas prices may claim the increase of gas mileage reimbursement. As told by the tax agency, the optional universal rate to compute the deductible operating expenses for business vehicles will increase from 50.5 cents per mile to 58.5 cents for the next six months of 2008.

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With oil and gas prices skyrocketing out of control, we all have to find better ways to get better fuel economy. There are some common sense ways as well as new approaches and products available to help you keep some of your dollars back in your wallet.

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