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IRS Increases Mileage Tax Deduction by 16 Percent to 58.5 Cents

Started by CheezeFlixz, June 24, 2008, 09:41:46 PM

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CheezeFlixz

Ok I know there is a few self employed folks here and others that can write off mileage so here you go ...

For those of you in the US that claim mileage, starting JULY 1 thru DEC 31 the rate goes to 58.5 cents a mile. A jump of 8 cents a mile. Really doesn't keep up with the raise in fuel cost, but it's better than a kick in the teeth.

http://www.bloomberg.com/apps/news?sid=axhW8Q2d6PEI&pid=20601103

Mr. DS

The wife sells Avon and will be thrilled to hear this, thanx Cheeze.   :thumbup:
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