IRS Announces 2010 Standard Mileage Rates

AD Singleton & Co, CPA, Inc.'s

Watch Your Wallet!

A newsletter for clients and friends.
January 2010 | Published by ADSCPA

A collection of practical tax and financial tips, articles, and resources targeted to help you watch your wallet and keep what you earn.

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Beginning on January 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

  • 16.5 cents per mile driven for medical or moving purposes

  • 14 cents per mile driven in service of charitable organizations

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.

The business mileage rate was 55 cents in 2009. The medical and moving rate was 24 cents.

Published in Watch Your Wallet, January 2009, Volume 2010, No. 1