Thursday, December 3, 2009

IRS Announces 2010 Standard Mileage Rates for 2010

Today the IRS announced the 2010 optional standard mileage rates in bulletin ir-2009-111.

They are:
  • Business Mileage: $ .50
  • Medical & Moving Mileage: $ .165
  • Charitable Mileage: $ .14
The IRS sets business, medical, and moving mileage reimbursement rates; the charitable mileage reimbursement rate is set by Congress who has not acted to increase the rate for years.

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