In case you missed it, the IRS is raising the mileage reimbursement rate from the current 50.5 cents to 58.5 cents starting July 1, 2008.

“Rising gas prices are having a major impact on individual Americans,” said IRS Commissioner Doug Shulman. “Given the increase in prices, the IRS is adjusting the standard mileage rates to better reflect the real cost of operating an automobile.”

Keep this new rate in mind if you have any candidate offers going out soon.  You will want to adjust the mileage reimbursement as this is a very hot topic among outside sales candidates today…along with telecommuting.

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