IRS Sets 2008 Mileage Rates
Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be:
- 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.
This represents a 2 cent increase for business miles, and 1 cent decrease for medical/moving. Doesn't make sense to me to have a decrease, given gas prices!
