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 Post subject: IRS mileage change
 Post Posted: Tue 24 Jun 2008 10:53 
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Joined: Thu 29 Jul 2004 20:23
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Location: Fort Wayne, IN
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I am sure Kathy our CPA already knows but for those of us that don't the IRS has change the rate.


Jan. 1 through June 30 the rate is 50.5 cents a mile


July 1 through Dec. 31 the rate is 58.5

You can charge what you want but this is all you can deduct. The rest you have to show as profit. when you have a profit. :roll: :roll: :roll:

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 Post subject: Re: IRS mileage change
 Post Posted: Tue 24 Jun 2008 20:37 
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Joined: Fri 18 Apr 2008 10:00
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Thanks for posting the notice. I wasn't aware that they were changing.

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