DT Ruck, CPA - IRS Standard Mileage Rates

IRS Standard Mileage Rates

	Year	For the costs of operating a car for business	Use of a car when giving services to a charitable organization	Use of a car for medical reasons	When computing deductible moving expenses
**	2008 Jul-Dec	58.5 cents/mile	14 cents/mile	27 cents/mile	27 cents/mile
	2008 Jan-Jun	50.5 cents/mile	14 cents/mile	19 cents/mile	19 cents/mile
	2007	48.5 cents/mile	14 cents/mile	20 cents/mile	20 cents/mile
	2006	44.5 cents/mile	14 cents/mile	19 cents/mile	19 cents/mile
*	2005 Sep-Dec	48.5 cents/mile	14 cents/mile	22 cents/mile	22 cents/mile
	Jan-Aug	40.5 cents/mile	14 cents/mile	15 cents/mile	15 cents/mile
	2004	37.5 cents/mile	14 cents/mile	14 cents/mile	14 cents/mile
	2003	36 cents/mile	14 cents/mile	12 cents/mile	12 cents/mile
	2002	36.5 cents/mile	14 cents/mile	13 cents/mile	13 cents/mile
	2001	34.5 cents/mile	14 cents/mile	12 cents/mile	12 cents/mile

* The rate was increased to 48.5 cents a mile for all business miles driven between Sept. 1 and Dec. 31, 2005. This is an increase of 8 cents from the 40.5 cent rate in effect for the first eight months of 2005. The new four-month rate for computing deductible medical or moving expenses is 22 cents a mile, up from 15 cents for the first eight months of 2005. The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile.

** The rate increased to 58.5 cents a mile for all business miles driven from July 1, 2008, through Dec. 31, 2008. This is an increase of eight (8) cents from the 50.5 cent rate in effect for the first six months of 2008. The new six-month rate for computing deductible medical or moving expenses also increased by eight (8) cents to 27 cents a mile, up from 19 cents for the first six months of 2008. The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile.

Donald T. Ruck, CPA, P.C.
326 Main Street Franklin, TN 37064-2614
Voice: 615-794-0018
E-mail: donald@ruckcpa.com