The IRS recently released the business driving mileage rate for the new year which is a whopping 54 cents per mile, or on average $900 per month.
According to a new report from Runzheimer, the company that provides data on this subject to the IRS, Philadelphia is the second most expensive city for business driverswith an average monthly cost of $929.17.
Detroit was the most expensive at an average cost of $1,307.75.
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“From fuel rates to insurance to taxes, an assortment of variables impact how much it costs to maintain a vehicle — and each is dependent on the driver’s city and state,” Runzheimer explained in a release. “An organization that fails to account for these local factors could be drastically over- or undercompensating their road warrior employees.”
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If you’re a business driver in Philly, perhaps it’s time to bring this information to your employer.
Matt Lee is a Web producer for Metro New York. He writes about almost everything and anything. Talk to him (or yell at him) on Twitter so he doesn’t feel lonely@mattlee2669.