The IRS mileage rate is going up 2¢, to 50½¢ for 2008.
Parking fees and tolls are deductible also, but fuel and repair costs are not
as these items are reflected in the standard mileage rate.
- About the Author
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Glenna Mae Hendricks. She is an entrepreneur and income tax consultant, so we get lots of good tax tips from her. She is an oenophile (“look that up in your Funk and Wagnall’s,” she says), and a wine enjoyment teacher/guide who also writes wine notes at the Allen’s Retail Liquors site. Her political thoughts (and occasional outbursts of domesticity) appear at Old Feminist and Wild-eyed Liberal.