Richard G. Price, CPA, LLC
Certified Public Accountant
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GAS GOES UP - SO DOES IRS MILEAGE RATE
The IRS mileage rate is increasing from 51 cents per mile to 55.5 cents permile effective July 1, 2011. The rare midyear increase reflects the rising price of gasoline over the first half of the year.
At the same time, CNN reports that gas prices have dropped 11 cents/gallon over the last two weeks.