The IRS has announced that the standard business mileage rate for transportation expenses paid or incurred beginning January 1, 2008, will be 50.5 cents per mile, up from the 48.5 cents per mile rate in effect during 2007.
GTM encourages families to offer the mileage reimbursement rate to their nannies and other household staff that are driving for work purposes. For more information on household payroll tax services contact www.gtm.com or call 800.929.9213.
Comments