Will the federal reimbursement rate for gas decrease now that gas is cheaper?



  1. 0 Votes

    It is possible that the reimbursement rate will decrease along with gas prices. The Internal Revenue Service (IRS) determines reimbursement rates in correlation with gasoline prices for business, medical and moving purposes. For example, in 2008, the rates increased in the middle of the year in response to a peak in gas prices. The rates were decreased slightly in 2009 after gas prices fell.

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