Mileage Tax Allowance for 2008
The mileage tax allowance for the second half of 2008 has been raised to $0.58 per mile for business purposes according to the Federal Government website: http://www.irs.gov/taxpros/article/0,,id=156624,00.html
With this raise in your deduction it is even more important that you keep accurate records for your business mileage. By raising the mileage tax allowance, the Federal Government [...]
