Sunday, December 28, 2008

Deductible Vehicle Expenses

Deductible Vehicle Expenses
Auto Mileage Rates For 2009

The IRS (Internal Revenue Service) has announced the standard rate for business miles will be 55.0 cents for 2009.

The standard mileage rate for use of a auto for medical reasons will be 24 cents a mile.
The standard mileage rate to use when computing deductible moving expenses will also be 24 cents a mile.
The standard mileage rate for the use of a auto when providing services for a charitable organization remains at 14 cents a mile.

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