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New mileage rate starts Jan. 1

Effective Jan. 1, 2007, the mileage reimbursement rate for the use of private automobiles for business travel will be increased to $0.48 from $0.44, based on IRS regulations. Should your travel end on or after Jan. 1, 2007, your reimbursement for mileage will be at the rate of $0.48. Should your travel end on or before Dec. 31, 2006, your reimbursement for mileage will be at the old rate of $0.44.

A version of this article appeared in MIT Tech Talk on November 15, 2006 (download PDF).

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