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PostHeaderIcon Rollercoaster Rates for Mileage

The IRS announced the 2009 mileage rates on Monday.

Beginning on Jan. 1, 2009, the standard mileage rates will be:

  • 55 cents per mile for business miles driven
  • 24 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

The new rates for business, medical and moving purposes are slightly lower than rates for the second half of 2008 that were raised by a special adjustment mid-year in response to a spike in gasoline prices.

For the short & sweet rundown, read the accountingweb summary.

For the long and governmental, get the details straight from the IRS.

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