IRS Releases Mileage Rates

Tuesday the IRS released the 2008 mileage rates. They still remain far from actual costs per mile; however, the IRS has spoken and here they are…

  • 50.5 cents per mile for business miles driven;
  • 19 cents per mile driven for medical or moving purposes; and
  • 14 cents per mile driven in service of charitable organizations

For More information:
IR-2007-192
Revenue Procedure 2007-70

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About Brian Germer, CPA

CPA with Parsons and Germer CPAs, LLP in Portland, OR

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