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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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December 09, 1999
IRS sets Millennium Mileage Rates
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Internal Revenue Service (IRS) has published a variety of mileage rate options for drivers to claim as expenses in 2000. First, the "gold standard": Employees who drive on company business can be reimbursed 32.5 cents per mile by their employers. That same rate can be used as a tax deduction by self-employed workers driving in the course of their business.

But that's the rate only if employees and employers are involved in for-profit enterprises. The rate for those driving for "charitable purposes" is 14 cents per mile. And the rate for those driving to medical appointments or engaged in moving their homes or offices is 10 cents per mile.

Seems like IRS has really gotten into mileage rates. For 1999, the agency did some fast calculations and discovered that the cost of driving a motor vehicle on U.S. roads had actually dropped. As a result, the per-mile expense rate that employers could provide for employees driving on company business fell from 32.5 cents in 1998 to 31 cents after April 1, 1999.

Check out the full text of the 2000 rates in Internal Revenue Bulletin 1999-43, dated October 25, 1999, at the agency's Web site:

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