The Internal Revenue Service has issued the optional standard mileage rates for calculating the deductible costs next year of operating an automobile for various purposes.
Beginning Jan. 1, 2008, the standard mileage rates for using a car, van, pickup or panel truck is 50.5 cents per miles for business purposes. For medical or moving purposes, the rate is 19 cents per mile. For driving in the service of charitable organizations, the rate is 14 cents per mile.
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