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IRS changes mileage rates
Thanks to Michelle Gallagher for the following information:
2008 MILEAGE RATE CHANGES
Purpose Rates 1/1 - 6/30 Rates 7/1-12/31
Business 50.5 58.5
Medical/Moving 19 27
Charitable 14 14
This is the first time in my memory that the IRS is reasonably current with today's economic realities! <g> If you have to go 10 miles to the grocery store, the IRS believes it will cost you $5.85 for the trip! All the more reason to ride a bike or shop more locally ... How has your life been impacted by "Big Oil"?
This is the first time in my memory that the IRS is reasonably current with today's economic realities! <g> If you have to go 10 miles to the grocery store, the IRS believes it will cost you $5.85 for the trip! All the more reason to ride a bike or shop more locally ... How has your life been impacted by "Big Oil"?
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does your job have to pay you 58.5 cents a mile when you use you own car for work? mine only pays me 48.5 cents per mile!!!