IRS Announces 2010 Standard Mileage Rates

The 2010 standard mileage rates for business purposes, and medical and moving purposes are reduced from 2009 levels, as anticipated.

Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 50 cents per mile for business miles driven, 16.5 cents per mile driven for medical or moving purposes, and 14 cents per mile driven in service of charitable organizations.

In 2009, the standard mileage rates were: 55 cents per mile for business purposes, 24 cents per mile for medical or moving purposes, and 14 cents per mile driven in service of charitable organizations.

See the IRS news release at http://www.irs.gov/newsroom/article/0,,id=216048,00.html