2007-03-01 01:42:16 · 6 answers · asked by Nick C 1 in Business & Finance ➔ Taxes ➔ United States
Mileage for 2006 is 44.5 cents per mile.
Source is IRS announcement:
http://www.irs.gov/newsroom/article/0,,id=151226,00.html
2007-03-01 01:54:25 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
Since you are in the taxes category, I assume you are asking what rate you should use in claiming your 2006 tax deductions. The IRS has posted the 2006 rate as $0.445 per mile. Any business miles driven with your personal vehicle in 2007 can be claimed at the $0.485 rate next year.
The amount must be reduced by any amount reimbursed by your employer. For example:
If you are reimbursed $0.20 per mile by your employer, you have to take that into consideration (lowering your deduction claim to $0.245/mile).
Hope this helps!
2007-03-01 09:54:34 · answer #2 · answered by CPT Jack 5 · 0⤊ 0⤋
you should use 44 1/2 cents per mile
2007-03-01 10:02:45 · answer #3 · answered by maria169 2 · 0⤊ 0⤋
2006 - $.445 cents per mile
2007 - $.485 cents per mile
2007-03-01 09:53:17 · answer #4 · answered by Wayne Z 7 · 1⤊ 0⤋
The Average rate right now because of gas prices is .37/mile.
2007-03-01 09:46:22 · answer #5 · answered by Guess Who 6 · 0⤊ 1⤋
My CPA told me yesterday that it was $0.44/mile.
2007-03-01 09:49:25 · answer #6 · answered by JC 2 · 0⤊ 0⤋