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.