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: Updates in Michigan Family Law

New IRS mileage allowances | Business use | Medical need | Charity

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The IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) is 55¢ per mile for business travel after 2008. That?s 3.5¢ less than the 58.5¢ allowance for business mileage in the last six months of 2008. Further, the rate for using a car to get medical care or in connection with a move that qualifies for the moving expense deduction is 24¢ per mile, down 3¢ from the 27¢ per mile allowance for the last half of 2008.

Full post as published by Updates in Michigan Family Law on November 26, 2008 (boomark / email).

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