TC Tax Service

2008 Mileage Rate Changes

Posted on24. Nov, 2008 by Terry.

Because the cost of gasoline was so high during 2008, the IRS has increased the amount you can write off for mileage this year.
The standard mileage rate for business use of your vehicle this year will be:
50.5 cents per mile for the period 1 Jan 2008 – 30 June 2008.
58.5 cents per mile for the [...]

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