July 31, 2008

Standard Mileage Rates

...sorry that this is late, but the standard mileage rates changed July 1, 2008...

1/1-6/30/08 rates (the OLD rates)
Business miles--$.505 per mile
Charitable (volunteer) miles--$.14 per mile
Medical & moving miles--$.19 per mile

7/1-12/31/08 rates (the NEW rates)
Business miles--$.585 per mile
Charitable (volunteer) miles--$.14 per mile
Medical & moving miles--$.27 per mile

Source:
http://www.irs.gov/taxpros/article/0,,id=156624,00.html

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