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58.5 cents per mile

— Paul Kuehnel (June 23, 2008 5:46 PM)

The U.S. Internal Revenue Service increased the mileage deduction today for the rest of the year by 16 percent to 58.5 cents a mile from the previous rate of 50.5 cents because of the rising price of gasoline. The change takes effect July 1.

Posted in All posts from the start MPG
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