2008 Mileage Reimbursement Rate

The IRS has recently released the mileage reimbursement rate for 2008. Each year, the IRS issues standard mileage reimbursement rates. These rates are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. …