What is the milage rate allowed by the IRS?

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What is the milage rate allowed by the IRS?

2007-03-22 07:17:37 · 3 answers · asked by Bill 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

For what purpose?

http://www.irs.gov/pub/irs-pdf/p17.pdf
The first page (says 3) has what's new for 2006. It includes the standard mileage rate for all purposes.

good luck

2007-03-22 07:23:27 · answer #1 · answered by Wood Smoke ~ Free2Bme! 6 · 2⤊ 0⤋

I am assuming that you have a business and will be itemizing your expenses.
Go to the IRS website and you can get all the answers you might need to know.
If you have your own business, you also need a good accountant.
Good luck

2007-03-22 07:21:03 · answer #2 · answered by SJR 3 · 0⤊ 0⤋

2006 - 44.5 cents per mile
2007 - 48.5 cents per mile

2007-03-22 07:20:11 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋