The latest news from the IRS regarding Auto Mileage rate is that beginning tax year 2008, the optional standard mileage rates are increased as follows for the 3 allowable categories as shown below:
* 50.5 cents per mile for business miles driven;
* 19 cents per mile driven for medical or moving purposes; and
* 14 cents per mile driven in service of charitable organizations.
For more information please visit the IRS site below:
IRS Announces 2008 Standard Mileage Rates; Rate for Business Miles Set at 50.5 Cents per Mile
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