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Business standard mileage rate for 2010 decreases to 50¢ per mile.
IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) is 50¢ per mile for business travel after 2009. That's 5¢ down from the 55¢ allowance for business mileage in 2009.
Further, the rate for using a car to get medical care or in connection with a move that qualifies for the moving expense deduction is 16.5¢ per mile, down 7.5¢ from the 24¢ per mile allowance for 2009.
The mileage rate for driving an auto for charitable use during 2010 will remain unchanged at 14¢ per mile (a statutory rate that's not adjusted for inflation).
| Purpose | Rates 1/1 - 12/31/09 | Beginning 1/1/10 |
|---|---|---|
| Business | 55 cents | 50 cents |
| Medical/Moving | 24 cents | 16.5 cents |
| Charitable | 14 cents | 14 cents |
Posted: January 2010