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2008 IRS Mileage Rate posts increase over 2007 The 2008 IRS mileage rate for business use is 50.5 cents per mile, up from 48.5 cents for 2007. The business mileage reimbursement rate is used to calculate the deductible costs of operating a car (also vans, panel or pickup trucks) for business. The IRS releases a new federal rate at least once a year. The 2008 standard mileage rate is the highest ever. Additional information on these standard rates is contained in Revenue Procedure 2007-70. You can read the full article at http://www.irs.gov/newsroom/article/0,,id=176030,00.html Bookmark this page now! Come back next year to get your IRS mileage rate for 2009.
Of course, you can always visit www.irs.gov if you need more details on rules surrounding the IRS mileage reimbursement rate .
Free Expense Report Form to Handle the New IRS Mileage Reimbursement Rate
Now that you have the current IRS mileage reimbursement rate, learn about a new style of expense report. Use it to recap your business expenses so the IRS doesn't invalidate your deductions. Click here to review the report that explains it all. It includes a link so you can download a PDF copy you can print out and use for free, whether you use the standard IRS mileage rate or not. As an option, you can get it as a live Microsoft Excel® template for only $17.
See for yourself how simple and easy this clever form is to use. You'll NEVER fill out your "standard" expense report again.
PDF attachments can be viewed with the free Adobe Acrobat Reader available at http://www.adobe.com/products/acrobat/readstep2.html.
Remember, bookmark this IRS mileage reimbursement rate page. We'll see you next year! |
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