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Issue
Number: IR-2009-111
Inside This
Issue
IRS Announces
2010 Standard Mileage Rates
WASHINGTON — The Internal
Revenue Service today issued the 2010 optional standard mileage rates used
to calculate the deductible costs of operating an automobile for business,
charitable, medical or moving purposes. Beginning on Jan. 1, 2010, the
standard mileage rates for the use of a car (also vans, pickups or panel
trucks) will be:
The new rates for business,
medical and moving purposes are slightly lower than last year’s. The
mileage rates for 2010 reflect generally lower transportation costs
compared to a year ago. The standard mileage rate for
business is based on an annual study of the fixed and variable costs of
operating an automobile. The rate for medical and moving purposes is based
on the variable costs as determined by the same study. Independent
contractor Runzheimer International conducted the study.
A taxpayer may not use the
business standard mileage rate for a vehicle after using any depreciation
method under the Modified Accelerated Cost Recovery System (MACRS) or
after claiming a Section 179 deduction for that vehicle. In addition, the
business standard mileage rate cannot be used for any vehicle used for
hire or for more than four vehicles used simultaneously.
Taxpayers always have the
option of calculating the actual costs of using their vehicle rather than
using the standard mileage rates. Revenue Procedure
2009-54 contains additional details regarding the standard mileage
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