Business automobile responsibility was set by the IRS during 48.5 cents per mile for 2007. Did they enlarge it for 2008?
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{ 3 comments… read them below or add one }
Yes, to 50.5 cents per mile.
The 2008 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 new rate for business miles compares to a rate of 48.5 cents per mile for 2007. The new rate for medical and moving purposes compares to 20 cents in 2007. The rate for miles driven in service of charitable organizations has remained the same.
50.5 cents per mile