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The rate will increase to 58.5 cents a mile for all business miles driven from July 1, 2008, through Dec. 31, 2008. This is an increase of eight (8) cents from the 50.5 cent rate in effect for the first six months of 2008, as set forth in Rev. Proc. 2007-70.
1 sty 2008 · Mileage Pad is a web application that helps you track mileage driven for reimbursement and tax purposes. It simplifies tracking by automatically using the correct IRS Standard Mileage Rates based on the date of your trip.
Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be: 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.
The standard mileage rate for transportation expenses is 50.5 cents per mile for all miles of use for business purposes..02 Use of the business standard mileage rate. A taxpayer may use the business standard mileage rate with respect to an automobile that is either owned or leased by the taxpayer.
18 gru 2023 · The standard mileage rate, also known as the mileage per diem or deductible mileage, is the default cost per mile set by the Internal Revenue Service (IRS) for taxpayers who deduct the...
You can calculate mileage reimbursement in three simple steps: Select your tax year. Input the number of miles driven for business, charitable, medical, and/or moving purposes.
The IRS has announced (Announcement 2008-63) an increase between July 1, 2008, and December 31, 2008, in the optional standard mileage rates used to compute
