INSIGHTS & IDEAS

2010 Standard Mileage Rates Decreased

  
The IRS has announced the standard mileage rates for 2010.  They have been changed as follows: 

50 cents       For Business Miles (5 cents down from '09)

16.5 cents    For Medical/Moving Miles (7.5 cents down from '09)

14 cents       For Charity Work (remains unchanged) 

For 2009, the standard mileage rates were: 

55 cents        For Business Miles

24 cents        For Medical/Moving Miles

14 cents        For Charity Work 

From 7/1/08 through 12/31/2008, the standard mileage rates were:  

58.5 cents      For Business Miles

27 cents         For Medical/Moving Miles

14 cents         For Charity Work 

From 1/1/08 through 6/30/08, the standard mileage rates were

50.5 cents       For Business Miles

19 cents          For Medical/Moving Miles

14 cents          For Charity Work   


     



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