Sunday, January 10, 2010

Federal 2010 Mileage Rates

IRS has substantially lowered the standard mileage rate - from 55 cents to 50 cents for business use and from 24 cents to 16.5 cents for medical and moving miles. Charitable miles stays at 14 cents per mile. The charitable mileage is set by Congress, not by the IRS, which is why it's been... the same forever! Actually, the last time the charitable mileage was changed was in 1997!

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