What is the Mileage Rate for 2008?

The mileage rate for 2008 was adjusted mid way through the year. The amount you will deduct will depend on when the mileage was driven. The rate for January 1, 2008 to June 30th was 50.5 cents. It was increased to 58.5 cents from July 1 to December 31. You can find more information here: