I'm trying to get my 2008 expenses ready for taxes and start on 2009 expenses. I noticed that the 2008 Federal Mileage rates changed/increased for the 2nd half of the year due to the gas prices.
The business mileage rate was 50.5 cents in the first half of 2008 and 58.5 cents in the second half. The medical and moving rate was 19 cents in the first half and 27 cents in the second half.
Also, the new 2009 standard mileage rates are as follows:
• 55 cents per mile for business miles driven
• 24 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations
The mileage rates for 2009 reflect generally higher transportation costs compared to a year ago, but the rates also factor in the recent reversal of rising gasoline prices. While gasoline is a significant factor in the mileage rate, other fixed and variable costs, such as depreciation, enter the calculation.
Will there also be plug-in/downloads for both 2008 and 2009 Medical mileage in HealthFrame?