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Estate Planning

: North Carolina Estate Planning Blog

IRS Sets 2008 Mileage Rates

By Gregory Herman-Giddens

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Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be:

  • 50.5 cents per mile for business miles driven;
  • 19 cents per mile driven for medical or moving purposes; and
  • 14 cents per mile driven in service of charitable organizations.

This represents a 2 cent increase for business miles, and 1 cent decrease for medical/moving.  Doesn't make sense to me to have a decrease, given gas prices!

Full post as published by North Carolina Estate Planning Blog on November 27, 2007 (boomark / email).

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