IRS INCREASES MILEAGE ALLOWANCE RATE!
The IRS has announced an increase in the standard mileage allowance for business (and medical) miles effective July 1st. Following is from the IRS small business enewsletter:Mileage rates increased July 1 - Dec. 31
The optional standard mileage rates for business, medical and moving expenses increase by eight cents per mile starting July 1.
Business rates increase from 50.5 cents to 58.5 cents per mile.IRS-2008-82
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