Personal Mileage Rates Down

If you use your car for deductible moving or medical purposes, you can add the cost of driving based on a standard mileage rate. For 2008, the rate is 19

Tags: Charitable contributions, Credits/Deductions, medical expenses, Moving Expenses, Personal

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Tax Glossary

Declining balance method

A rapid depreciation method determined by a constant percentage based on useful life and applied to the adjusted basis of the property.

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