It is the beginning of a new year and the government has come out with new standard mileage rates.

For 2010 the standard mileage rates are as follows:
$.50 for business miles
$.16.5 for medical miles and moving miles
$.14 for charitable miles driven – this is statutory and does not change

The 2009 rates should be used to prepare the 2009 taxes which are due by April 15, 2010
$.55 for business miles
$.24 for medical and moving miles
$.14 for charitable miles

 
This information is provided in an effort to help you gather and organize the information necessary to file your individual or small business income tax return. While these financial tools are not a substitute for financial advice from a qualified professional, they can be used as a starting point in your decision making process.