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NEW MILEAGE RATES

The IRS has increased the optional standard mileage rates for 2009.  Taxpayers may use the standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

 The charitable mileage rate is set by statute and not the IRS it will remain the same. 

CATEGORY

2009

2010

BUSINESS

55.0

50.0

MEDICAL/MOVING

24.0

16.5

CHARITABLE

14.0

14.0

 

 Source: Internal Revenue Service

 

 

 

 

 

 

 

 

 

 

 

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