2009 VEHICLE MILEAGE DEDUCTION RATES

VEHICLE MILEAGE DEDUCTION RATES HAVE BEEN SET FOR 2009
The IRS is about to announce the Standard Mileage Rates for vehicle deductions for 2009. As you know,the SMR was increased this summer, effective July 1,due to rapidly rising gas prices.
So, in most cases there was one set of rates in effect for the first half of this year, and a different set of ratesfor the second half.
Here is a listing of rates in effect for Jan-June 2008,July-Dec 2008, and new rates for 2009.
 

Business:
2008 -- Jan-Jun: 50.5¢/mile  
2008 -- Jul-Dec: 58.5¢/mile
2009 -- 55¢/mile  

Charity:
2008 -- 14¢/mile
2009 -- 14¢/mile  

Medical:
2008 -- Jan-Jun: 19¢/mile  
2008 -- Jul-Dec: 22¢/mile
2009 -- 24¢/mile

Moving:
2008 -- Jan-Jun: 22¢/mile  
2008 -- Jul-Dec: 27¢/mile
2009 -- 24¢/mile

As you see, in each category, they picked arate for 2009 that was between the high-rate and the low-rate for 2008.
When asked for the rationale, the response was,"the new rates factor in the recent reversal of rising gasoline prices." That might be logical for now, while prices are well-under $2.00/gal., but is anybody really confident they will stay there?
Oh well, we still have the option of claiming a percentage of our actual operating costs instead of using the SMR. It might be a good idea to track those expenses in 2009.

SPECIAL CONFERENCE CALL TONIGHT - Dec. 1
If your business is network marketing, and if you have prospects telling you they can't join because (a) they're broke, or (b) the are afraid to spend the money they do have "in case there is an emergency," 3-way them onto tonight's call, and let Ronald R. (Ron ) Mueller, MBA, Ph.D. slam-dunk them into your business.

Ron will not promote or recommend - or even mention - ANY company or category. He'll simply (and powerfully) show them how they can get Uncle Sam to foot the bill, not only for their sign-up costs, but also ALL of their ongoing monthly operating expenses.
After hearing what Ron will present, even a person who doesn't have a dime to they're name, will have a solution to the dilemma of wanting to start a home-based business, but not being able to afford to do it.

FINALLY we now have a way to help the people who need a home business the most - the ones who can't afford to start one.

Day/Date: Monday, Dec. 1, 2008
Time: 7:00 p.m. Pacific / 10:00 p.m. Eastern
Call-in #: 419-400-0203PIN Code: 8683900#
To see the slides that support this presentation, just go to www2.gotomeeting.com/register/763300227
BUT YOU WILL STILL NEED THE PHONE CONNECTION TO HEAR THE PRESENTATION AUDIO.

At the end of this presentation, Ron will encourage them to get back with the person who invited them onto this call, to learn more about a business ideally suited to taking advantage of all of these tax breaks, while earning an above average income.

I hope you had a thankful Thanksgiving.

My name is Derrick Carpenter and I have the pleasure of working full-time, from home, on my fortune with my equally loving and lovely wife Dawn. We are building a successful home based firm, which enables me to indulge my twin passions teaching and helping people. I enjoy my 30-second commute and waking up when I'm finished sleeping. Some times that's before dawn (literally and figuratively); most often it's the crack of noon - I own my own Life-It's a Lifestyle I enjoy helping others attain!
To get your FREE Report "A New Breed of Professional for the 21st Century" send an email to doubledmarketing@gmail.com with Special Report in the subject lineTo get your FREE Report "How to get Uncle Sam to Pay for Your Home-Based Business" send an email to doubledmarketing@gmail.com with Special Tax Report in the subject line

A home-based business offers the best tax savings strategy available to the average American. http://HOMEBIZTAXBREAKS.BIZ