Monday, December 1, 2008

IRS Announces 2009 Standard Mileage Rates

News release IR-2008-131 gives the 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.
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 mile for business miles driven
24 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

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