In IR-2009-111, released December 3, 2009, the IRS issued the 2010 standard mileage rates. Beginning on January 1, 2010, the standard mileage rates for the use of a car will be:
50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations
If a taxpayer uses the standard mileage rate for 2010, actual costs of using their vehicle for that year may not be deducted. However, parking fees and tolls for the year that are attributable to business, medical, moving, or charitable purposes may be deducted in addition to using the standard mileage rate.
If you would like more details about the use of the standard mileage rates, please call our office and ask to speak to one of our shareholders or email us at info@taxwarriors.com.