TITLE

IRS sets business mileage rate for '09

AUTHOR(S)
Edwards, John G.
PUB. DATE
December 2008
SOURCE
Las Vegas Business Press (10712186);12/8/2008, Vol. 25 Issue 49, pP14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Internal Revenue Service (IRS) has set the standard mileage rate used to calculate deductions for operating an automobile for business in 2009 at 55 cents. This demonstrates an increase from the 50.5 cents implemented in the first half of 2008 but is lower than the 58.5 cents for the second half of 2009.
ACCESSION #
35752623

 

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