View Single Post
Old 01-31-2007, 05:55 PM   #3
Mormon Red Death
Senior Member
 
Mormon Red Death's Avatar
 
Join Date: Jan 2006
Location: Clinton Township, MI
Posts: 3,126
Mormon Red Death is an unknown quantity at this point
Default

Standard Mileage Rates
Beginning January 1, 2007, the allowable deductions for the standard mileage rate are as follows:

Business miles. The standard mileage rate for the cost of operating your car increases to 48.5 cents a mile for all business miles driven.
Charitable services. The standard mileage rate allowed for use of your car when you use your car to provide charitable services to a charitable organization remains at 14 cents a mile.
Medical reasons. The standard mileage rate allowed for use of your car for medical reasons increases to 20 cents a mile.
Moving. The standard mileage rate for determining moving expenses increases to 20 cents a mile.
__________________
Its all about the suit
Mormon Red Death is offline   Reply With Quote