IRS auto mileage rate increas 7/1/2008

[Joker]

Like Stone, I must be above average. Although, this is one time I wish I wasn't.

 

[Chris White]

I drive 2000 - 3000 per month.....so the IRS is full of crap. The mileage increase makes me happy tho

 

[Tom Foster]

I'm putting 30K on the car per year...

But I forgot to deduct those vacation trips to Vegas, Lake Tahoe, Yosemite, etc.

So I might be just above average for "appraisal miles"

 

[Chris White]

I have a separate car I use only for work. It makes life a whole easier come tax time.....and btw its a kia.....i am not rich.

 

[Tomasz]

It's slowed-down enough to make the Actual Expense Method work more in my favor as opposed to the Mileage Method.

Now I expense the "Leased vehicle" as my appraisal transportation. The mileage method is used for our "Owned vehicle" and on another business front and this increase is appreciated.

NOLO Law publishes a great book on various Business Expenses and how to establish the most efficient means of validating such business-related items.

 

[Walter Kirk]

I have a car that I use only for work and it averages 18,000 miles per year.

 

[Ray Miller]

Like Stone, I must be above average. Although, this is one time I wish I wasn't.

Yep, guess I would be above average as well, use to be somewhere around 60K a year or more. This year might drop to around 40K or so.

 

[Mike Garrett RAA]

I need more, time to rebuilt my engine!