Alabama Estate Planning Blog: Pain at the Pump

This blog is meant to provide the public with useful legal information. I must note that this blog is not intended to provide legal advice, nor is it intended to form an attorney-client relationship with any party. If you have specific questions about how the law affects you, please consult with an attorney.

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Thursday, August 14, 2008

Pain at the Pump

It may not be too much comfort, but the IRS feels your pain at the pump. Effective July 1, 2008, the IRS raised the standard mileage rate (for purposes of tax deductions) to 58.5 cents per mile. This new rate can provide a substantial benefit if you deduct mileage for business or charitable purposes. For more information, please consult your tax advisor or www.irs.gov.

Labels: Mileage, Tax Deductions

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Thursday, August 14, 2008

Pain at the Pump

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