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Estate Planning

: North Carolina Estate Planning Blog

IRS Announces 2009 Standard Mileage Rates

By Gregory Herman-Giddens

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The Internal Revenue Service has issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) 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

Revenue Procedure 2008-72

Full post as published by North Carolina Estate Planning Blog on November 25, 2008 (boomark / email).

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