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Nanny: Mileage Reimbursement Rates 2008

Updated 11/30/2007

The IRS announced that effective January 1, 2008, the standard mileage reimbursement rate will be increased to 50.5 cents per mile, an increase from rate of 48.5 cents that has been in effect since January 1 2007.

The standard mileage rate is established by the IRS, and the rate may be used by employers to reimburse employees for the business use of their personal automobiles. This is the reimbursement rate guideline that most nanny employers utilize to determine the mileage reimbursement for a nanny who uses her personal vehicle to transport the children and run errands. The rate typically adjusts once per year, with announcements made in November for the next year's rate.