Small Business Reading Room


Monday, June 23, 2008

 

IRS Increases Mileage Rates through Dec. 31, 2008

I guess this falls under the "we'll take what we can get" category...


Due to rising gas prices, The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.




The IRS normally updates the mileage rates once a year in the fall for the next calendar year.


  • Read the IRS news release

  • Read the IRS announcement



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    Delaware Intercorp, Inc.
    113 Barksdale Professional center
    Newark, DE 19711-3258

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