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PostHeaderIcon Money for Miles

The IRS has updated standard mileage rates for 2008. The new rates, effective for mileage incurred on or after January 1, 2008 are:

(1) Business 50.5 cents per mile
(2) Charitable contribution 14 cents per mile
(3) Medical and moving 19 cents per mile

That’s on page 2 of the excruciatingly long and grossly detailed IRS document on the subject–found HERE. You have to skim to the end, page 29 (of 30) to find the effective date. Look at all the reading time I just saved you!

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