Accounting and Tax Services
Nov 28

IRS Announces 2008 Standard Mileage Rates

The IRS has announced the optional standard mileage rates used in computing the deductible costs paid or incurred on or after January 1, 2008, for operating an automobile for business, charitable, medical, or moving purposes:

Business      50.5 cents per mile

Charitable contribution    14 cents per mile

Medical and moving    19 cents per mile

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →