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Mileage Reimbursement Rates for 2008
July 2008

The Internal Revenue Service has issued the 2008 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning July 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be:

  • 58.5 cents per mile for business miles driven

The new rate for business miles compares to a rate of 48.5 cents per mile for 2007.

   
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