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What is the revised standard mileage deduction for 2006. Has IRS increased it due to recent gas increases?
21Mar2008 Filed under: Careers & EmploymentQuestion:
What is the revised standard mileage deduction for 2006. Has IRS increased it due to recent gas increases?
Answer:
From the IRS website http://www.irs.gov/newsroom/article/0,,i…
Beginning Jan. 1, 2006, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be:
44.5 cents per mile for business miles driven;
18 cents per mile driven for medical or moving purposes; and
14 cents per mile driven in service of charitable organizations, other than activities related to Hurricane Katrina relief.
No, the IRS still hasn't changed it because of the gas increase.
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