Thursday, January 22, 2009

Standard Mileage Rates

The 2008 standard mileage rates were:
  • Business miles driven - 50.5 cents per mile from January 1, 2008, through June 30, 2008, and 58.5 cents per mile for July 1, 2008 through December 31, 2008.
  • Medical and Moving miles driven - 19 cents per mile from January 1, 2008, through June 30, 2008, and 27 cents per mile for July 1, 2008 through December 31, 2008.
  • Miles driven in service of charitable organizations - 14 cents per mile for the whole year.
The 2009 standard mileage rates are:
  • Business miles driven - 55 cents per mile.
  • Medical and Moving miles driven - 24 cents per mile.
  • Miles driven in service of charitable organizations - 14 cents per mile.
(Reference: IRS Announcement, November 24, 2008)


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