0
In recognition of increasing gasoline prices, the IRS has announced an increase in the optional standard mileage rates for the second half of 2008. The standard mileage rate for business miles driven from July 1, 2008, through December 31, 2008, will be 58.5 cents per mile, an increase of eight cents over the rate for the first half of the year. The standard mileage rate for medical and moving expenses has been increased to 27 cents per mile from 19 cents per mile. The standard mileage rate for charitable purposes, however, remains unchanged at 14 cents per mile. Rev. Proc. 2007-70, I.R.B. 2007-50, 1162, is modified.
Still curious? Ask our experts.
Chat with our AI personalities
BlakeAs your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
ProfessorI will give you the most educated answer.
Chat with Professor
DevinI've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with DevinAdd your answer:
Earn +20 ptsQ: Will IRS increase gas mileage reimbursement mid year?
Write your answer...
Submit
Still have questions?
Trending Questions
What are racing cars made of?
What are perimeter approach lights for a car?
If your deceased mother but owns a car but didn't have a will what do you do that is all said had the car is in her name is it paid for and that is the only thing she owned. do I need to go to court?
Why would your door handle move rapidly on its own?
How do you change your character on cars video game race o rama?
1971 buick gs reverse lights do not work?
What life insurance company bought Midland Mutual Life Columbus Ohio?
What does 427 mean on gold?
How do you what sensors are bad on 4.3 vortex motor?
Who cancels an old auto insurance policy when you change to a new policy under a different company?
Guaranteed renewable A and H policy?
Car did not pass smog can I get an extension This is in California and the registration was paid?
Where do you put water?
What is a pinochle combo?
Why do you need a back up policy?
What product is best for sand blasting cars?
What is the purpose of the steering column in the steering system?
What requirements must be fulfilled to donate junk cars?
Can you put fathead on a car?
Does the ABS breaking controller continue to be powered when the vehicle is not running?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.