Written by Reed Tinsley |
November 28, 2007
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 the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
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