Nanny Mileage Reimbursement Rate for 2012

The IRS announced that the standard employee mileage reimbursement rate for transportation expenses paid or incurred beginning January 1, 2012, will be 55.5 cents per mile, unchanged from the rate in effect during the final six months of 2011 [Notice 2012-1].

This mileage rate is commonly used by household employers to compute the amount to reimburse employees such as nannies and housekeepers who use their personal vehicles for business purposes such as preschool transportation, grocery shopping and household errands.

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