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The Honolulu Advertiser
Updated at 11:57 a.m., Wednesday, December 24, 2008

State mileage deduction to be 55 cents

Advertiser Staff

The state Department of Taxation has set a 55 cents a mile rate for computing business automobile deductions for 2009.

The deduction rate for medical or moving is set at 24 cents a mile, while the charitable rate is 14 cents.

The rates conform with the federal optional standard mileage rates. The business mileage rate is lower than the 50.5 cents a mile for the first half of 2008 and 58.5 cents a mile for the second half.