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Tag Archives: Mileage Rates

*AskTaxMama Newsletter, Auto Expenses, Business Expenses, IRS - Information, IRS News

IRS Announces 2008 Standard Mileage Rates; Rate for Business Miles Set at 50.5 Cents per Mile

Posted on November 30, 2007August 27, 2009 by TaxMama

Courtesy of the Internal Revenue Service WASHINGTON – The Internal Revenue Service today issued the 2008 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or […]

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Posted in *AskTaxMama Newsletter, Auto Expenses, Business Expenses, IRS - Information, IRS News  |  Tagged Business Mileage Reimbursement Rate, Business/Finance, Depreciation, Generally Accepted Accounting Principles, independent contractor, Internal Revenue Service, Mileage Rates, Revenue, Runzheimer and Co, Section 179 depreciation deduction, Taxation in the United States, Washington Leave a comment
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