Quote:
Originally posted by Carl Childress
Quote:
Originally posted by Rich Fronheiser
Carl:
The IRS mileage rate for 2006 has been set at 44.5 cents per mile, exactly halfway between the January 1, 2005 rate of 40.5 cents and the September 1 emergency rate of 48.5 cents.
--Rich
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We don't use the IRS rate. Our rate is set by the Texas Comptroller.
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And the Texas comptroller doesn't pull the figure out of his backside. Your rate will be down to 44.5 cents in January just like everyone else's because that's what the IRS will allow for business mileage deductions.