New Mileage Rates:
Beginning January 1, 2007, the allowable deductions for the standard
mileage rate are as follows: Business miles - The standard mileage
rate for the cost of operating your car increases to 48.5 cents per
mile for all business miles driven. Charitable services - The
standard mileage rate allowed for use of your car when you use your
car to provide charitable services to a charitable organization
remains at 14 cents a mile. Medical reasons - The standard mileage
rate allowed for use of your car for medical reasons increases to 20
cents a mile. Moving - The standard mileage rate for determining
moving expenses increases to 20 cents a mile.
Help & Support
Please visit our main website at
www.cookco.us or call us at 256-586-4111 for assistance.
