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!
(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!
Labels: Taxes, Working Virtually
posted by Dy at 10:20 AM
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