With the soaring gas prices we all need a little relief specially us traveling notaries. The IRS has announced that they will boost the standard mileage tax deduction for the second half of 2008. The mileage rate was 50.5 cents after July 1, 2008 the rate was increased to 58.5 cents per mile of business travel.
Every little bit helps us small business owners. So remember that when you are having your 2008 taxes prepared that they give you the extra mileage increase for the 2nd half of the year. I will keep you updated on any other information that can help out in these troubling times.
Lisa Scanlon
www.Scanlonsigningservices.com
Scanlonsigningservices@yahoo.com
941-447-7130
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