As gas prices continue to rise there is some good news. The IRS has increased the mileage rate from 51 cents to 55.5 cents per mile effective July 1, 2011. The IRS normally updates the mileage rates at the beginning of the year and it remains the same for the entire year. This year there will be one rate (51 cents) effective for the first six months of the year and another rate (55.5 cents) effective for the last six months of the year. Every little bit helps. But remember, it doesn’t do any good if you don’t keep up with your mileage.  Keep those mileage logs!