Thursday, December 10, 2009

IRS Releases Mileage Rates for 2010

The IRS has announced the mileage rates for 2010. Beginning on January 1, 2010, the standard mileage rates will be as follows:

-50 cents per mile for business miles driven
-16.5 cents per mile for medical or moving purposes
-14 cents per mile driven for charitable organizations

These new rates are bit of a downer as they are substantially less than in the past couple years. According the IRS, studies done by the Runzheimer International have shown a decrease in the cost to own and operate a vehicle. I wonder who they polled.

3 comments:

  1. What is the IRS mileage rate for job searching expenses?

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  2. I haven't seen any information yet on that yet. When I do, I'll update my post.

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