Thursday, January 04, 2007

2007 IRS Mileage Rates

Good news for those who track their mileage expenses. The IRS recently announced that they are raising the tax mileage rate from 44.5 cents per mile to 48.5 cents starting January 1, 2007. This is up 4 cents from the 2006 mileage rate. For more information on calculating your mileage rate deduction visit 2007s.org.

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