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Taxation & Estate Planning

: TaxProf Blog

Group Calls on IRS to Increase Standard Mileage Rate in Light of Record Gas Prices

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In light of record gasoline prices, the National Treasury Employees Union has called on the IRS to increase the 2008 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business (50.5 cents per mile),...

Full post as published by TaxProf Blog on June 16, 2008 (boomark / email).

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