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IRS Increases Standard Mileage Rates

July 19th, 2008 · No Comments

The standard mileage rate for all business miles has increased to 58.5 cents a mile. Effective for transportation expenses paid or incurred on or after July 1, 2008. (IR-2008-82))

  • The rate for charitable miles remains at 14 cents a mile.
  • The rate has decreased to 27 cents per mile when computing deductible medical or moving expenses.

Tags: Deductible Expenses

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