The rate for business travel has recently increased. The allowable deduction was 48.5 cents per mile for 2007. The IRS allowable mileage reimbursement tax deduction rate changes every year, so you have to inquire every year for the new tax rate.
Due to the current state of the economy the IRS has offered an even higher [...]
Entries Tagged as 'Tax Break'
IRS Allowable Mileage Reimbursement Tax Deduction Rules Per Mile
July 14th, 2010 · Comments Off · Other - Society & Culture
Tags: Allowable Deduction·Business Deduction·Business Purposes·Business Travel·Charitable Travel·Current State·Free Tax Software·Irs Allowable Mileage·Irs Mileage·Irs Rules·Irs Tax·Medical Purposes·Mileage Rate·Mileage Reimbursement·Rate Changes·Standard Mileage Deduction·Tax Break·Tax Deduction·Tax Deductions·Tax Payers