2007 Mileage Rates Announced
The IRS announced the 2007 standard mileage rates:
The business mileage rate is up 4 cents/mile from 2006.
Hat Tip: The Tax Guru
- $0.485/mile driven for business;
- $0.20/mile driven for medical or moving; and
- $0.14/mile driven for service to a charitable organization.
The business mileage rate is up 4 cents/mile from 2006.
Hat Tip: The Tax Guru