standard mileage rate

 

2009 IRS Mileage Rates

The Internal Revenue Service today issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.   Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

55 cents per [...]

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IRS Mileage Rate Increased for July-Dec 2008

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Citing higher gasoline prices, the IRS has increased the optional business standard mileage rate from 50.5 cents per mile to 58.5 cents per mile for July-December of 2008. Taxpayers can use the optional standard rates to calculate the deductible costs of operating an automobile for business. This is also [...]

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