Government Mileage Increase
After posting about mileage expenses yesterday, readers Lou and Cool Chick brought up how the government rate for mileage has gone up by $.08. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The rate will increase to 58.5 cents a mile for all business miles driven from July 1 through Dec. 31. Yippee. This government increase is better than the last government increase I covered.
Here's the mileage info.
Posted by Natalie P. at 03:02 AM on June 25, 2008 in Money | Permalink
I just want all of the increases to stop right now....grrr
lol
Thanks for the info.
Posted by: Product Junkie Diva | June 25, 2008 at 11:23 AM
PJD, it's a good thing.
Posted by: The Frugalista Files | June 25, 2008 at 11:24 AM
Yes, PDJ, it means we actually get a whopping .08 more cents! Yipeee! Thanks Frugalista for the info. Every little bit of savings helps these days....now if I could only get my expense reports in on time! ;)
Posted by: CoolChick20 | June 25, 2008 at 06:12 PM
Yeah, now if only I could afford the gas...
Posted by: Still Broke | June 27, 2008 at 12:23 AM
My office gives us .22.
That's all. Gas has almost gone up a dollar in the past eight months, and they won't change it.
Grrrr
Posted by: Natalie | June 27, 2008 at 08:09 PM