A blog post

IRS Updates Standard Mileage Rates

Posted on the 11 November, 2009 at 10:07 am Written by in Taxes

The IRS has released (IR-2009-111) the standard mileage rates for 2010 (Rev. Proc. 2009-54)

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 [down from 55 cents last year]
  • 16.5 cents per mile driven for medical or moving purposes [down from 24 cents]
  • 14 cents per mile driven in service of charitable organizations [same as last year]

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. to a spike in gasoline prices. The rate for charitable purposes is set by law and is unchanged from 2008.