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Citing higher gasoline prices, the IRS has increased the optional business standard mileage rate from 50.5 cents per mile to 58.5 cents per mile for July-December of 2008. Taxpayers can use the optional standard rates to calculate the deductible costs of operating an automobile for business. This is also [...]
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Continue reading → IRS Mileage Rate Increased for July-Dec 2008
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