How much should mileage reimbursement be to keep up with rising gas prices?

Question

I drive my car a lot for work and am worried that I will no longer be able to afford it. Are there any folks who can calculate what mileage reimbursement ought to be now?

Answer 1

The IRS does that for you.  Go to http://www.IRS.gov and search for mileage reimbursement.  Currently, the reimbursement rate for business travel is 50.5 cents per mile.  If your company doesn't give you 50.5 per mile, you can recover the rest during tax filing.