December 02, 2009
Tip of the Week: IRS Reduces Standard Mileage Rate to 50 Cents per Mile
Filed under: News
Vision Payroll

The standard mileage rates for the use of automobiles beginning January 1, 2010 will be 50 cents per mile for business miles driven and 16.5 cents per mile driven for medical or moving purposes the Internal Revenue Service announced in Revenue Procedure 2009-54 and News Release IR-2009-111. The new rates are changed from 55 cents per mile for business travel, 24 cents per mile for moving and medical travel for 2009. The rate for miles driven in service of charitable organizations has remained the same at 14 cents per mile. Contact Vision Payroll if you have any questions on 2010 mileage rates.


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