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2009 IRS Mileage Rate drops slightly from 2008 The new 2009 IRS mileage rate for business mileage is 55 cents; more at: The IRS Mileage Rate for 2008 was adjusted at mid-year as follows:
Details are at http://www.irs.gov/newsroom/article/0,,id=184163,00.html The business mileage reimbursement rate is used to calculate the deductible costs of operating a car (also vans, panel or pickup trucks) for business. The IRS releases a new federal mileage rate at least once a year. The 2008 standard mileage rates are the highest ever; the mileage allowance was updated mid-2008 to accommodate the upward cost of vehicle operation. Visit www.irs.gov for more details on rules surrounding the IRS mileage rate.
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