Standard Mileage Rates for 2010

The IRS announced this morning the standard mileage rates for 2010. They are:

  • $0.50/mile for business miles ($0.55/mile in 2009)
  • $0.165/mile for medical and moving ($0.24/mile in 2009)
  • $0.14/mile for charitable purposes (unchanged; set by statute)

The details are in Revenue Procedure 2009-54.

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