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IRS hikes mileage allowance for business use of car
By Ray DeCrane. The IRS raises the deductible rate for business use of a personal car to 18.5 cents per mile for the first 15,000 miles, up from 17 cents, while miles beyond 15,000 stay at 10 cents. The piece notes inflation and rising car costs as context for the change.
MENTIONED IN THIS ARTICLE
Ray DeCrane
IRS
Ray LeCrane
The
Southern Illinoisan
P.O
Radio City
New York
Energy Credit
Newspaper Enterprise Assn