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When will we know the 2008 IRS mileage rates?

Posted by taxguru on November 8, 2007

Q:

Subject: 2008 standard mileage rate?

I have not been able to find out if this number as been released. 

I was impressed by the fact that your site was the only one I found with the 2008 Section 179.  Good Job!

Have a Wonderful Day!

 
A:

Based on the past few years, the IRS should be announcing their 2008 standard mileage rates any day now.  They may be holding off a bit until some of the fluctuation in oil prices tapers off.

The IRS announcement will be posted on their website

I’ll also be posting it to my blog as soon as it comes out.

Kerry Kerstetter 

 

Follow-Up:

Thank you very much!

Have a Wonderful Day!

  

 

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