2010 Standard Mileage Rates

The Internal Revenue Service has announced the 2010 Standard Mileage Deduction Rates.  The primary rates will be:

50 cents per mile for business miles driven.
16.5 cents per mile driven for medical and moving purposes.
14 cents per mile driven for charitable services.

2009 Standard Mileage Rate Announced by IRS

The IRS has issued Revenue Procedure 2008-72 announcing the 2009 standard mileage rates. The optional standard mileage rate for business miles will be 55 cents per mile beginning January 1, 2009. The depreciation component of the standard mileage rate is 21 cents per mile.

No further information is yet available on rates for charitable or medical rates.

2008 Rate Increases For July through December

This announcement informs taxpayers that the Internal Revenue Service is modifying Rev. Proc. 2007-70, 2007-50 I.R.B. 1162, by revising the optional standard mileage rates for computing the deductible costs of operating an automobile for business, medical, or moving expense purposes and for determining the reimbursed amount of these expenses that is deemed substantiated. This modification results from recent increases in the price of fuel.

The revised standard mileage rates are:
(1) Business 58.5 cents per mile
(2) Medical and moving 27 cents per mile

The mileage rate that applies to the deduction for charitable contributions is fixed under § 170(i) of the Internal Revenue Code at 14 cents per mile. The revised standard mileage rates set forth in this announcement apply to deductible transportation expenses paid or incurred for business, medical, or moving expense purposes on or after July 1, 2008, and to mileage allowances that are paid both (1) to an employee on or after July 1, 2008, and (2) with respect to transportation expenses paid or incurred by the employee on or after July 1, 2008.

The standard mileage rates set forth in Rev. Proc. 2007-70 continue to apply to deductible transportation expenses paid or incurred for business, medical, or moving expense purposes before July 1, 2008, and to mileage allowances paid (1) to an employee before July 1, 2008, or (2) with respect to transportation expenses paid or incurred by the employee before July 1, 2008. All other provisions of Rev. Proc. 2007-70 remain in effect.

2008 Mileage Rates

Beginning January 1, 2008, the standard mileage rates for the use of a car (including vans, pickups, or panel trucks) will be:

50.5 cents per mile for business miles driven;
19 cents per mile driven for medical or moving purposes; and
14 cents per mile driven in service of charitable organizations.
If fuel prices continue to rise along with oil prices, Congress may approve a mid year increase in the mileage rate as it did in 2005. Check back with us for the latest available rate updates from the IRS.

• 48.5 cents per mile for business miles driven
• 20 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations

2007 Mileage Rates

• 48.5 cents per mile for business miles driven
• 20 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service to a charitable organization.

2006 Mileage Rates

• 44.5 cents per mile for business miles driven
• 18 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations

Click "next" below for previous years' rates. 

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IRS Raises Mileage Rate to 48.5 Cents For Remainder of 2005!

The new rate starts September 1 through January 31.

2005 Standard Mileage Rates Announced by IRS

The IRS has announced the rates for mileage expense deductions beginning January 1, 2005. The new standard business mileage rate will be 40.5 cents.

Click on the "Next" link for other specific rules regarding the standard mileage rate and for rates approved for previous tax years.

2004 Standard Mileage Rates Announced by IRS
The IRS has announced the rates for mileage expense deductions beginning January 1, 2004. The new standard business mileage rate will be 37.5 cents per mile (up from 36 cents per mile for 2003). The charitable rate will be 14 cents per mile (same as for 2003) while the medical and moving rates will be 14 cents per mile (up from 12 cents per mile in 2003).

Note the following changes in the application of the standard mileage rate:

• Starting with calendar year 2004, taxpayers can use the standard mileage rate for up to four vehicles used simultaneously. Previously, the rate was not permitted if a taxpayer had two or more vehicles used simultaneously.
• The standard mileage rate still CANNOT be used to determine the expenses for automobiles used for hire, such as taxicabs, or when five or more automobiles are used simultaneously in a taxpayer's business.

2003 Standard Mileage Rates Announced by IRS

The IRS has announced the optional standard mileage rates to use for 2003 in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The amounts for the various deductible costs for use of a car will be effective January 1, 2003, and are as follows:

• 36 cents a mile for all business miles driven, down from 36.5 cents a mile in 2002.
• 14 cents a mile when providing services to a charitable organization.
• 12 cents a mile for the use of a car for medical reasons, down from 13 cents a mile in 2002.
• 12 cents a mile when computing deductible moving expenses, down from 13 cents a mile in 2002.

2000 Standard Mileage Rate is 32 ½ cents

2001 Standard Mileage Rate is 34 ½ cents

The Vehicle Mileage & Maintenance Record Book is designed for busy professionals like you who are tired of cheap tax information recording tools that fall apart and don't provide adequate room on forms for writing. Order one of our auto mileage logs today and start making this essential task simple and quick. Each book comes with a MONEY BACK GUARANTEE! Click here to order by using our online shopping cart, downloadable order form, or through Amazon.com.