What will be the business auto expense allowed by the IRS per mile in 2008?

February 1, 2010 by admin · 3 Comments
Filed under: United States 
business
ldjones99 asked:

Business car expense was set by the IRS at 48.5 cents per mile for 2007. Did they increase it for 2008?

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Comments

3 Responses to “What will be the business auto expense allowed by the IRS per mile in 2008?”
  1. ninasgramma says:
    February 3, 2010 at 8:38 pm

    Yes, to 50.5 cents per mile. ninasgramma

  2. MukatA says:
    February 5, 2010 at 11:00 pm

    The 2008 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.

    The new rate for business miles compares to a rate of 48.5 cents per mile for 2007. The new rate for medical and moving purposes compares to 20 cents in 2007. The rate for miles driven in service of charitable organizations has remained the same. MukatA

  3. Mary S says:
    February 7, 2010 at 8:19 am

    50.5 cents per mile Mary S

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