Dear Taxguru,

Could you please provide me with IRS rules for the mileage allowance for 2007 for both business and charitable purposes. Thank you!

The IRS has generously raised the Mileage allowance's for both business and medical for 2007. The Prior year amounts are shown in brackets.

Mileage Allowance for 2007

1. Business 48.5 Cents/Mile (44.5 Cents/Mile)
2. Charitable 14.0 Cents/Mile (Unchanged from 2006)
3. Medical/ Moving 20.0 Cents/Mile (18 Cents/Mile)

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