IRS Standard Mileage Rates for 2010
January 8, 2010
The IRS has published their new standard mileage rates for 2010. They have dropped with the exception of the charitable mileage rate, which stayed the same.
Business Mileage Rate * – $0.50/mile
Relocation Mileage Rate – $0.165/mile
Medical Mileage Rate – $0.165/mile
Charitable Mileage Rate – $0.14/mile
I was a bit disappointed to see the rate drop, but it’s to be expected. Happy Driving!
* Can be used only if taxpayer owns/leases a passenger auto, van, pickup, or panel truck not for hire (e.g, as a taxi) that was not depreciated under ACRS, MACRS or Sec. 179 in earlier years.
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