Standard Mileage Rate Going Up in 2008
November 28, 2007 · Print This Article
The IRS just announced that the standard mileage rate will be 50.5
cents per mile in 2008. This is up from 48.5 cents per mile in 2007.
If you’re not keeping track of your mileage, you need to start now!
These rates are higher than we’ve ever seen, so you should be keeping
track of every business mile driven.
You can use a spiral notebook to keep track of miles, you can
purchase a mileage log from any office supply store, or you can use my
own mileage log, found here.
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