2007 Mileage Deduction

I finally remembered to look up the 2007 gas deduction and I discovered the deduction is up from 44.5¢ to 48.5¢, which is great news. I am in the 25% tax bracket and with the mileage per gallon I currently get I am more than breaking even on my gas. So to any consultants not writing off their standard mileage you better start, it really adds up.

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