As was the case in 2007, the IRS is telling us once again that it's more expensive to drive your car in 2008.  And that means the standard mileage deduction rates are increasing.

2008 Mileage Reimbursement Rates

Starting in January 2008, the standard mileage rate used for personal cars - which also include mini vans, pickup trucks, SUVs, and panel trucks - will be:

• 14.0 cents per mile driven in the service of charitable organizations
• 19.0 cents per mile driven for medical reasons or moving purposes
• 50.5 cents per mile driven for personal cars driven for business purposes

Updated 2008 Mileage Reimbursement Rates

On June 23, 2008, the IRS announced an increase to the mileage reimbursement rate for the second half of 2008.  The rates in effect for the second half of the year include:

• 14.0 cents per mile driven in the service of charitable organizations
• 27.0 cents per mile driven for medical reasons or moving purposes
• 58.5 cents per mile driven for personal cars driven for business purposes