Mileage rates.
| Author | Laffie, Lesli S. |
| Position | FROM THE IRS |
Responding to skyrocketing gasoline prices, the IRS, in Ann. 2005-71, has raised the mileage allowance for Sept. 1, 2005-Dec. 31, 2005. The standard mileage rate for business is now 48.5 cents per mile, up from 40.5 cents; medical and moving miles are now 22 cents, up from 15 cents. The mileage rate for charitable deduction...
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