12101 East Second Avenue, Suite 201A

Aurora, CO  80011

Phone: (303) 364-0400      Fax: (303) 364-0404

map and directions

IRS NEWS and UPDATES

Standard Mileage Rates for 2008

November 27, 2007 -- The standard mileage rate for all business miles has increased to 50.5 cents a mile.  Effective for transportation expenses paid or incurred on or after January 1, 2008. (Rev Proc 2007-192)

• The rate for charitable miles remains at 14 cents a mile
• The rate has increased to 19 cents per mile when computing deductible moving expenses.
• The rate has increased to 19 cents per mile when computing deductible medical expenses.

back to... IRS NEWS contents page

Send mail to shannon@kuziak.org with questions or comments about this web site.
Copyright © 2007 BDK, Inc.
Last modified: 12/18/07