Hirzel, Jackson & Swaine, P. C.
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Tax Law ChangesThe IRS has just announced the standard mileage rates applicable for 2008. The standard mileage rate applicable for business use of personal vehicles for 2008 will be 50.5 cents per mile for business use of personal vehicles was increased from 48.5 cents per mile. The rates for the use of personal vehicles for charitable use, 14 cents per mile, and medical use, 19 cents per mile, remain unchanged from 2007. Tax PlanningNow is a great time to make an appointment with our professional staff to look at tax planning opportunities before the year ends. We would like to review your current tax positions to see if there is any potential for tax savings. |
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