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Friday, April 30, 2004

Why No Increase In Standard Mileage Rate?

Friday, April 30, 2004

The Tax Guru asks why the IRS has not increased the 37.5 cent standard mileage rate for business in light of the increase in fuel costs since the rate was set in October. For example, the average price of a gallon of regular gasoline in New York is $1.88 now, compared to $1.75 in October.

http://taxprof.typepad.com/taxprof_blog/2004/04/why_no_increase.html

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