Tuesday, December 2, 2008

New Mileage Rates for 2009

With the price of gas dropping so to will the mileage rates for 2009.

The new rates will be:

Business Miles - 55 cents per mile
Medical Miles - 24 cents per mile
Charitable Miles - 14 cents per mile

As always you should keep a mileage log in order to substantiate the tax deduction.

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