Sunday, July 27, 2008
The IRS announced in June that it would increase the mileage rate for business purposes, from 50.5 cents per mile to 58.5 cents. The mileage rate for medical and moving also increased by 8 cents, from 19 cents per mile to 27 cent. But the rate for charitable work remains at 14 cents per mile. The mileage rates normally change just once a year, but the IRS adjusted the rate for July - December 2008, due in large part to the gas price increases.
See the IRS announcement.