2010 Business Standard Mileage Rate is $0.50
The IRS issued the 2010 optional standard mileage rate used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on 01/01/10, the standard mileage rates for the use of a car will be 50 cents per mile for business miles driven, 16.5 cents per mile driven for medical or moving purposes, and 14 cents per mile driven in service of charitable organizations. The standard mileage rate is 55 cents per mile for business miles driven in 2009.

12/03/2009 14:17:41
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