New IRS Mileage Rates
Just wanted to put out a quick post with the recently updated IRS Mileage rates.
As of July 1, 2008 and through December 31, 2008 the OPTIONAL standard mileage rates are as follows…
Business – $0.585
Charitable – $0.14
Medical & Moving – $0.27
Again, these are optional rates to use in computing the deductible costs of operating an automobile [...]