Standard IRS Mileage Rates
What's New, Tax Answers & Articles September 22nd, 2007
Beginning January 1, 2008, the IRS allowable deductions for the standard mileage rate are as follows:
- Business miles. The standard IRS mileage rate for the cost of operating your car increases to 50.5 cents a mile for all business miles driven between January 1, 2008 and June 30, 2008 and 58.5 cents a mile for all business miles driven between July 1, 2008 and December 31, 2008.
- Charitable services. The standard IRS mileage rate allowed for use of your car when you use your car to provide charitable services to a charitable organization remains at 14 cents a mile.
- Medical reasons. The standard IRS mileage rate allowed for use of your car for medical reasons is 19 cents a mile for miles driven between January 1, 2008 and June 30, 2008 and 27 cents a mile for miles driven between July 1, 2008 and December 31, 2008.
- Moving. The standard IRS mileage rate for determining moving expenses is 19 cents a mile for miles driven between January 1, 2008 and June 30, 2008 and 27 cents per mile for miles driven between July 1, 2008 and December 31, 2008.
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