Wednesday, November 01, 2006

IRS Mileage Rates:IRS Announces 2007 Standard Mileage Rates

IRS Mileage Rates:IRS Announces 2007 Standard Mileage Rates: "The Internal Revenue Service today issued the 2007 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, 2007, the standard mileage rates for the use of a car48.5 cents per mile for business miles driven. "

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