answersLogoWhite

0


Best Answer

The Mileage rate has increased from $.50 and 1/2 cents per mile to $.58 and 1/2 cents per mile. This is in effect from June 1st 2008 until Dec. 31st 2008. Go to the Irs website and it is on the front page.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the federal mileage rate going to go up to?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When you go to court how much money do they pay you for mileage?

It depends on who "they" is. If attending court hearings is part of your job and you are reimbursed travel expenses, the mileage rate will be set by your company.Added: And if you are appearing as a juror or in response to a subpoena as a witness you will be reimbursed at whatever the daily rate for your services are currently set by law.


Can you deduct truck payment and mileage on business taxes?

NO. Go to the IRS gov website and use the search box for Car and Truck Expense Deduction Reminders The standard mileage rate is used in place of actual expenses. Taxpayers who choose the standard mileage rate may not deduct actual expenses, such as depreciation, lease payments, maintenance and repairs, gasoline (including gasoline taxes), oil, insurance or vehicle registration fees. Business-related parking fees and tolls may be deducted in addition to the standard mileage rate. Fees for parking at a taxpayer's main place of business or tolls related to commuting to and from that main place of business are personal expenses which are not deductible. The standard mileage rate cannot be used if the taxpayer:


What is prime lending rate, and where can I find more information about it ?

The department of the federal reserve or treasury is where you want to go. That is where interest rates are set for the whole us. They determine what rate you pay in effect.


What is the US federal tax rate?

For the tax year 2010 at this time July 22 2010 8:25 pm the federal income tax rate from the 1040 federal income tax return THE TAXABLE INCOME from page 2 line 43 starts at 10% and goes to the maximum tax bracket amount of 35 %.Go to the IRS gov website and use the search box for 1040ES go to page 8The 2009 federal tax rate schedules can be found in the 2009 Form 1040ES instructions, in the Related Link below.


How many miles is it from Virginia to Maine?

Mileage, I'm not sure about but it just about 15 hours going up 1-95. My suggestion is to go to Google Maps, NOT Mapquest.


What is the national average for gas mileage reimbursement in 2008?

50.5 cents per mile Mileage reimbursement could hit all-time high in 2008 By Brittany Ballenstedtbballenstedt@govexec.com November 28, 2007 The rate at which agencies reimburse federal employees who use their own cars for work could go up by two cents in January, if the government continues its pattern of following the Internal Revenue Service's rates.The IRS announced Tuesday that beginning on Jan. 1, 2008, the standard rate used to calculate the deductible costs of operating an automobile for business purposes will be increased to 50.5 cents per mile, the highest rate ever. The current rate, set at the beginning of 2007, is 48.5 cents per mile.The General Services Administration is permitted under federal law to establish a reimbursement rate for federal employees who use personal vehicles for business, but it cannot exceed the one established by the IRS. In the past, GSA has consistently followed the IRS's lead.GSA also is required to conduct yearly studies on the costs associated with travel and operation of privately owned vehicles. The agency is supposed to consult with the Transportation and Defense departments and federal employee organizations in determining the reimbursement rate.The IRS mileage rate is based on an annual study of the fixed and variable costs of operating an automobile, including gas prices, oil, tires and scheduled maintenance, according to the agency. The study was conducted by Runzheimer International, an independent contractor based in Rochester, Wis.In June, the National Treasury Employees Union called for a mid-year rate increase, noting that high gas prices were placing "an especially high burden on those who must drive to perform their work, including employees of the IRS and other agencies of the federal government."NTEU President Colleen Kelley said Wednesday that she plans to send a letter to GSA Administrator Lurita Alexis Doan asking for immediate action in extending the higher mileage reimbursement rate to federal employees. "I will ask GSA to act before Jan. 1, so federal employees can benefit from this higher rate at the beginning of the new year," Kelley said.According to federal travel regulations, employees may use personal vehicles for official travel if they obtain permission from their agency. The reimbursement rates apply only to authorized means of travel.The mileage reimbursement does not pertain to employee transfers or relocations. Those are designated as a transportation expenses, rather than allowances for the cost and operation of a vehicle, according to GSA.


Where would one go for applications for Federal Jobs in MN?

One can find applications for Federal jobs in MN, by going to your local government offices to find out what jobs are available and what qualifications you will need.


Is a cheap flat rate a good deal?

Of course a cheap flat rate is a good deal! Look in your local paper for what they are going for and go out and get the cheapest flat you can find for what you want.


Where can one go to book a RAC mileage check?

If you want to find out the Rent A Car (RAC) mileage, when you go to rent a car, the car rental place will check the mileage before you leave with the car. The mileage will also be checked when you return the vehicle. There is no reason to book an RAC mileage check unless you plan on renting an automobile.


How much is the federal tax in Chicago?

The federal income taxes will be the same any where that you are in the world when you file your 1040 federal income tax return for the tax year completely and correctly. You can see the tax rate schedules for the 2010 tax year for your filing status by going to the irs.gov website and using the search box for 1040ES go to page 8 to find your marginal tax rates that will be applied to your TAXABLE INCOME AMOUNT FROM PAGE 2 LINE 43 OF YOUR 1040 federal income tax return.


Where can I go to review tax software ratings?

Probably online, I've never done my taxes before but if I was going to go somewhere to rate something it'd probably be online, that's where you find most things to rate these days.


What is the price on a 2001 Ford Escort?

Depends on your location, condition of the vehicle, mileage, and how it is equipped. Go to:www.nada.comfor a value.Depends on your location, condition of the vehicle, mileage, and how it is equipped. Go to:www.nada.comfor a value.