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IRS Updates Mileage Rate for 2008 to 58.5 Cents Per Mile, Effective July 1, 2008

Posted in Human Resources (HR) Compliance

With gas prices rising, it’s no surprise that the IRS issued a statement yesterday adjusting the standard business mileage rate for 2008 is 58.5 cents per mile. The new rate for business miles is 8 cents higher than it was for the first six months of 2008, which I had noted in an earlier post.  The IRS posted the… Continue Reading