I have new 2008 tax information for those of you who travel, whether for business, medical, moving or charity. The IRS is increasing the mileage rates through Dec. 31, 2008.
Mileage rates are increasing July 1st as follows:
Mileage Rate Changes
|
Purpose |
Rates 1/1 through 6/30/08 |
Rates 7/1 through 12/31/08 |
|
Business |
50.5 |
58.5 |
|
Medical/Moving |
19 |
27 |
|
Charitable |
14 |
14 |
This will definitely help at tax time.
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