On June 23, 2008, the IRS announced that it would raise the standard rate for deducting business vehicle operating costs to 58.5 cents per mile.
The agency cited the high cost of gasoline as the reason for the rate increase.The Associated Press: Bigger tax write-off ready for high-cost fuel (June 23, 2008)
What is the 2010 IRS mileage rate for a bus?(0 Answers)
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No answers yet.
Im a janitor how much can I claim
(0 Answers)
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No answers yet.
Mileage for charity?(2 Answers)
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Yes, you can deduct mileage that you put on your vehicle when you use it for charitable purposes in between home and work.
Here is how to do ...
References
Fast Facts
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Previous rate
50.5 cents per mile
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New rate
58.5 cents per mile
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Fact:
Recommended standard deduction for business vehicles
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Fact:
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Deduction for medical or moving expenses
27 cents per mile
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Previous rate
19 cents per mile
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Rate for providing services to charitable organizations
14 cents per mile
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Fact:
This last rate is adjusted by Congress
