Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 06-22-2007, 03:07 PM
Junior Member
 
Join Date: Mar 2007
Posts: 9
What are the mileage allowances for 2007?

Dear Taxguru,

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



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 06-30-2007, 01:29 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
The IRS Mileage Allowance rates for 2007!

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)

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.