Monday, December 7, 2009

This Just in from the IRS: New Mileage Rates for 2010

IRS Sent this information concerning New Standard
Mileage Rates for 2010.

Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

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

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.

If you have questions, visit: irs.gov for more information

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