The IRS issued Rev. Proc. 2007-70 with the 2008 optional standard mileage rates used for calculating the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning January 1, 2008, the standard mileage rates for the use of a car (including vans, pickups, or panel trucks) will be:
•50.5 cents per mile for business miles driven;
•19 cents per mile driven for medical or moving purposes; and
•14 cents per mile driven in service of charitable organizations.
The full text of Rev. Proc. 2007-70
"To help clients and ourselves achieve more than we ever thought possible and have fun doing it.”
Areas of Expertise
The following is a partial list of the Areas of Expertise of Anthony R. Santoro.
