The IRS has announced the following mileage rates beginning January 1, 2008:
- Optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) – 50.5 cents per mile for business travel (up from the 48.5 cents allowed for 2007).
- Medical mileage – 19 cents per mile (yes, that’s down from the 2007 20 cents per mile).
- Moving mileage – 19 cents per mile (again, that’s down from the 2007 20 cents per mile).
- Charitable mileage – 14 cents per mile (same as 2007).
(Rev. Proc. 2007-70, 2007-50 IRB, IR 2007-192)
California conforms to these rates.