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MILEAGE RATES INCREASE FOR THE LAST FOUR MONTHS OF 2005. (English).

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  • Source:
    Clergy Journal. Nov2005, Vol. 82 Issue 2, p26-26. 1/8p.
  • Additional Information
    • Subject Terms:
    • Subject Terms:
    • Abstract:
      The article reports that the U.S. Internal Revenue Service has decided to increase the standard business mileage rate for the 2005 to 48.5 cents a mile for the period of September 1, 2005 to December 31, 2005 up from 40.5 cents a mile. The 2006 mileage rate will be declared at the end of 2005. The deductible medical or moving expense mileage rate is expected to be 22 cents a mile for the last four months of the 2005, up from 15 cents a mile. The charitable mileage rate increased to 34 cents per mile by the U.S. Congress for the 2005, up from 14 cents a mile.