Q: IRS increses Mileage Rates
In recognition of recent gasoline price increses, the IRS made this special adjustment for the mileage rate. The mileage rate will increse by 8 cents to 58.5 cents a mile for all business miles driven from 07/01/08 through 12/31/08. The new rate for computing deductible medical or moving expenses will also increase to 27 cents a mile while the rate for providing services for charitable organizations remains at 14cents a mile.

06/23/2008 15:51:33

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