Question: What is the 2010 Mileage Rate for Taxes?
If you are working on your 2010 business taxes, you need to know the IRS standard mileage rate in order to calculate your mileage deduction.
Answer:
The 2010 IRS Standard Mileage Rate for business tax purposes is:
- 50 cents per mile for business miles
- 16.5 cents per mile for medical or moving purposes
- 14 cents per mile in service of charitable organizations.
To help you with mileage calculations for business taxes, here is some more information you might want to review:
- How to Calculate Business Tax Mileage
- Which Should I Use - Actual Mileage or the Standard Deduction?
CPA Gail Rosen answers some common questions about mileage deductions for business taxes, including:
- What qualifies as "commuting miles?
- Can I deduct mileage if I have advertising on my car?
- How do I calculate mileage from my home based business? and
- Can I deduct mileage for a non-company car?
