IRS Raises Standard Mileage Rates Effective July 1, 2008
Created on July 1, 2008 - 1:14pm
Internal Revenue Service Announcement 2008-63 raises the standard mileage rate from $.505 per mile to $.585 per mile for all mileage incurred on or after of July 1, 2008. The excludable mileage rate also increases from $.19 per mile to $.27 per mile.
Contact Equus Software to discuss how our software can help you track mileage rates both prior to and after the IRS announcement!
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