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In recognition of increasing gasoline prices, the IRS has announced an increase in the optional standard mileage rates for the second half of 2008. The standard mileage rate for business miles driven from July 1, 2008, through December 31, 2008, will be 58.5 cents per mile, an increase of eight cents over the rate for the first half of the year. The standard mileage rate for medical and moving expenses has been increased to 27 cents per mile from 19 cents per mile. The standard mileage rate for charitable purposes, however, remains unchanged at 14 cents per mile. Rev. Proc. 2007-70, I.R.B. 2007-50, 1162, is modified.
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What is 2009 IRS gas mileage rate?
The 2009 IRS gas mileage rate is 58.5 per mile.
Will IRS increase gas mileage reimbursement mid year?
In recognition of increasing gasoline prices, the IRS has announced an increase in the optional standard mileage rates for the second half of 2008. The standard mileage rate for business miles driven from July 1, 2008, through December 31, 2008, will be 58.5 cents per mile, an increase of eight cents over the rate for the first half of the year. The standard mileage rate for medical and moving expenses has been increased to 27 cents per mile from 19 cents per mile. The standard mileage rate for charitable purposes, however, remains unchanged at 14 cents per mile. Rev. Proc. 2007-70, I.R.B. 2007-50, 1162, is modified.
Will IRS mileage reimbursement be increasing midyear?
In recognition of increasing gasoline prices, the IRS has announced an increase in the optional standard mileage rates for the second half of 2008. The standard mileage rate for business miles driven from July 1, 2008, through December 31, 2008, will be 58.5 cents per mile, an increase of eight cents over the rate for the first half of the year. The standard mileage rate for medical and moving expenses has been increased to 27 cents per mile from 19 cents per mile. The standard mileage rate for charitable purposes, however, remains unchanged at 14 cents per mile. Rev. Proc. 2007-70, I.R.B. 2007-50, 1162, is modified.
What is the mileage reimbursement rate for Wisconsin?
The Wisconsin Department of Revenue announced June 25, 2008 that they will be apply the recent increase by the IRS increased mileage reimbursement. Effective from July 1, 2008 to December 31, 2008, the mileage reimbursement rates are as follows: 58.5 cents per mile for business purposes 27 cents per mile for medical and moving expenses The Wisconsin Department of Revenue announced June 25, 2008 that they will be apply the recent increase by the IRS increased mileage reimbursement. Effective from July 1, 2008 to December 31, 2008, the mileage reimbursement rates are as follows: 58.5 cents per mile for business purposes 27 cents per mile for medical and moving expenses
What is the 2010 gas mileage reimbursement rate for Wisconsin?
The Wisconsin Department of Revenue announced June 25, 2008 that they will be apply the recent increase by the IRS increased mileage reimbursement. Effective from July 1, 2008 to December 31, 2008, the mileage reimbursement rates are as follows: 58.5 cents per mile for business purposes 27 cents per mile for medical and moving expenses The Wisconsin Department of Revenue announced June 25, 2008 that they will be apply the recent increase by the IRS increased mileage reimbursement. Effective from July 1, 2008 to December 31, 2008, the mileage reimbursement rates are as follows: 58.5 cents per mile for business purposes 27 cents per mile for medical and moving expenses
What is the 2015 IRS mileage reimbursement rate for China?
There's no legal mileage reimbursrement rate, it is negotiated on a case by case basis in each company.
What is the federal mileage rate going to go up to?
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.
What is average mileage reimbursement in California?
The IRS calculates a rate yearly, and publishes it. it is currently, for 2008, 50.5 cents per mile.
What was the mileage allowance rate for 2008?
The mileage allowance rate for business use of a vehicle in the United States in 2008 was 50.5 cents per mile for the first half of the year and increased to 58.5 cents per mile for the second half. This rate was set by the Internal Revenue Service (IRS) to help taxpayers calculate deductible costs associated with business travel.
What is the current IRS gas mileage allowance for 2011?
News flash: The IRS just increased the rate to 58.8 cents per mile for business and 27 cents for moving and medical. This applies only to mileage traveled between July 1 and Dec. 31 of 2008. For the first half of 2008, the rates below apply. Charitable contributions still just 14 cents. For tax year 2008, it's 50.5 cents per mile for business use. The standard mileage rate is claimed in lieu of actual expenses of operation and depreciation of a vehicle. For use of your car on the job as an unreimbursed employee expense, the total of such expenses is an itemized deduction subject to the 2% of adjusted gross income floor. For medical-care-related use of auto or moving expenses, it's 20 cents a mile. For in-kind charitable contributions, the mileage rate is a whopping 14 cents. In recognition of increasing gasoline prices, the IRS has announced an increase in the optional standard mileage rates for the second half of 2008. The standard mileage rate for business miles driven from July 1, 2008, through December 31, 2008, will be 58.5 cents per mile, an increase of eight cents over the rate for the first half of the year. The standard mileage rate for medical and moving expenses has been increased to 27 cents per mile from 19 cents per mile. The standard mileage rate for charitable purposes, however, remains unchanged at 14 cents per mile. Rev. Proc. 2007-70, I.R.B. 2007-50, 1162, is modified.
What is the current 2008 rate for gas mileage reimbursement?
The IRS announced that beginning July 1, the standard rate used to calculate the deductible costs of operating an automobile for business purposes will be increased to 58.5 cents per mile, the highest rate ever. The previous rate, set in the fall of 2007, is 50.5 cents per mile. The new rate will be in effect until Dec. 31. The IRS normally updates mileage rates once in the fall for the next calendar year.
What is mileage reimbursement rate for IL?
The IRS standard mileage reimbursement is $0.55 per mile. I believe it's the same for all 50 states.
