2007-08-29 04:24:31 · 5 answers · asked by doedoe050273 2 in Business & Finance ➔ Taxes ➔ United States
48.5 cents per mile for 2007 for business, 20 cents per mile for medical or moving, and 14 cents per mile for charity work.
2007-08-29 04:45:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The IRS standard mileage rate is 48.5 cents per mile for business. If you are traveling for your personal medical needs the rate is 20 cents per mile. There is not a "federal rate of mileage reimbursement" the federal standard mileage rate is the amount you take per mile without itemizing your expenses. If you are reimbursed for your mileage by someone and the amount is less than the standard mileage rate you can take the difference. If your mileage reimbursement is greater than the standard mileage rate you must take the difference as income.
2007-08-29 04:55:24 · answer #2 · answered by ? 6 · 0⤊ 0⤋
IRS mileage rate for business travel in 2007 is 48.5 cents in all states.
2007-08-29 04:30:09 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
It's 48.5¢ per mile for all workers nation-wide.
2007-08-29 04:42:40 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I think it's the same in all states. 48.5 cents per mile.
Here's the fed's official website:
http://www.irs.gov/newsroom/article/0,,id=163828,00.html
2007-08-29 04:33:56 · answer #5 · answered by Goddess 5 · 0⤊ 0⤋