IRS Mileage Rates to Increase July 1, 2008
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As a result of the ever-rising gas prices, the IRS has increased the optional standard mileage rates for July 1 through December 31, 2008. For business, the rate is now 58.5 cents per mile, and 27 cents per mile for medical and moving. The charitable rate remains unchanged at 14 cents a mile. See Announcement 2008-63.
