Resident Agents of Nevada

Beginning January 1, 2008, the standard mileage rates for the use of an auto (including vans, pickups or panel trucks) are (1) 50.5 cents per mile for business miles, (2) 19 cents per mile for medical or moving purposes and (3) 14 cents per mile for service to charitable organizations.

The 1007 rates were 48.5 cents for business miles and 20 cents for medical and moving. These rates are based on an annual study done by an independent contractor of the fixed and variable costs of operating an automobile. The charitable rate is unchanged because it is set by statute.

A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System or claiming a Section 179 deduction for that vehicle for any vehicle used for hire (such as a taxi); or for more than four vehicles used simultaneously.

Sandy, Resident Agents of Nevada, 775 882-4641

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