2007 Mileage Rates Announced

The IRS announced the 2007 standard mileage rates:

  • $0.485/mile driven for business;

  • $0.20/mile driven for medical or moving; and

  • $0.14/mile driven for service to a charitable organization.

The business mileage rate is up 4 cents/mile from 2006.

Hat Tip: The Tax Guru

This entry was posted on Thursday, November 2nd, 2006 at 10:49 am and is filed under IRS. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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