Hope you are all keeping track of your miles driven for business. The IRS is in a generous mood.
"Due to rising gas prices, the mileage rate will increase by eight cents to 58.5 cents a mile for all business miles driven from July 1 through Dec. 31, 2008."
Check the IRS website.
3 comments:
For any of your readers who want a simple way to track mileage expenses, you might want to check out http://paybackable.com - it automatically calculates mileage expenses using the current IRS rates. Just enter the date of travel, a brief description and the number of miles driven - Paybackable does the rest, even when rates change. There's a free plan for individuals and a 30-days free trial for companies with multiple users.
Hey, Kevin, thanks for the link to your site. I checked it out. It looks really usable. It is also great that you allow individuals to use for free!
There is an exciting business tool provided by http://www.MileageLogger.com that will capture your business mileage automatically, no need for pen and paper.
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