Likelihood of the IRS raising the mileage rate?

[78X]

I get re-imbursed mileage and remember back in 2008 when fuel prices neared $4/gallon the IRS raised the rate. It currently is .50 cents per mile, any likelihood they raise it soon?

[The King]

I think it topped out around 58 cents/mile back then. I would expect 55 cents/mile by July.

[Strychnine]

I think it topped out around 58 cents/mile back then. I would expect 55 cents/mile by July.

It hit 55 cents / mile in '09. Right now it's 51.

I wouldn't be surprised to see it increase again if prices go any higher.

[jluv]

Yep, it's been .51 for a while.

[Sean88gt]

It hit 55 cents / mile in '09. Right now it's 51.

I wouldn't be surprised to see it increase again if prices go any higher.

When is more appropriate than if.