Responding to public pressure and the rising price of gas, the IRS just increased the standard mileage rate that can be used to claim deductions, as well as employee reimbursement, for business driving. For the second half of 2008 -- from July 1 through December 31 -- the rate jumps to 58.5 cents for every business mile traveled (plus business-related parking fees and tolls). The previous rate of 50.5 cents per mile remains in effect for January 1 through June 30. (IRS Announcement 2008-63)
For entire article, click the link below.
http://www.bizactions.com/index.cfm/ba/e120/fa/87028836G1533J1964029P0P908T2/
About Shin Oak Realty
- Candice O'Dell, Realtor
- Liberty Hill, Texas, United States
- Professionally, I am a Realtor at Shin Oak Realty, currently working to complete requirements for my Brokers License. We are a full Real Estate Office specializing in the Central Texas Real Estate market. Residential, Commercial, Ranches - we do it all! Personally, I am a professional, mom, volunteer and friend. I love photography, technology, and traveling.