Thursday, June 23, 2011

IRS increases gas allowance

In a rare move, the IRS has made a mid-year change in the deduction taxpayers take when they use their personal cars for business.

The rate was increased 4.5 cents, which takes it up to 55.5 cents.

This move may have more impact on the economy than the release of emergency reserve oil by the United States and other countries.

The strategic release is about what the world uses in one day. And the impact will be spread around the world.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home