Sunday, December 27, 2009

2010 standard mileage

The IRS announced standard mileage rates for 2010 in early December:
  • 50 cents per mile for business miles driven
  • 16.5 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

According to the IRS, the rates are for cars, vans, pickups, and panel trucks.   Finally, the "new rates for business, medical and moving purposes are slightly lower than last year’s. The mileage rates for 2010 reflect generally lower transportation costs compared to a year ago."

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