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Tax Savings Effective 7/1/08

Bigger Tax Deduction for Business Use of Auto

The IRS announced that, as of July 1, 2008, Standard Mileage Rate (SMR) for deducting business use of your personal vehicle, increased by 8-cents per mile. The NEW RATE is 58.5¢ per mile as of July 1.

Click here to subscribe to Ron Mueller's newsletter for more tax tips.