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Standard Mileage Rates Announced for 2010

The IRS has announced the optional standard mileage rates for 2010 for use in computing the deductible costs of operating a passenger automobile for business, charitable, medical, or moving expense purposes.

 Effective January 1 through December 31 of 2010, the standard mileage rates are as follows:

  •  Business use of auto: 50 cents per mile may be deducted (down from 55 cents per mile in 2009) if an auto is used for business purposes
  • Charitable use of auto: 14 cents per mile may be deducted (remaining unchanged) if an auto is used to provide services to a charitable organization
  • Medical use of auto: 16.5 cents per mile may be deducted (down from 24 cents per mile in 2009) if an auto is used to obtain medical care (or for other deductible medical reasons)
  • Moving expense deduction: 16.5 cents per mile may be deducted (down from 24 cents per mile in 2009) if an auto is used to effect a work-related move to a new home

 IR-2009-111 contains additional details.

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