Categories
- Ask Question or Comment (1)
- General (14)
- Income Tax (37)
- International Taxation (3)
- LLC's (17)
- Newsletter Topics (2)
- Payroll Tax (4)
- Retirement Accounts (4)
- Sub S Corporations (14)
Latest Postings
- 5. March 2010: Reverse Mortgages - Taxable? Deductible?
- 3. March 2010: Work Clothes Deduction
- 12. February 2010: Scholarship Count Toward Support?
- 7. February 2010: Mileage Rates in 2009
- 5. February 2010: Do You Have to File?
- 5. February 2010: Cost Segregation = Tax Savings
- 4. February 2010: Breast Implants - Deductible Medical Expense?
- 26. January 2010: Work for Pay Credit - How much did you receive?
- 26. January 2010: Work for Pay Credit 2009 & 2010
- 26. January 2010: LLC to be taxed as a Corporation?
Links
Blogroll
Archives
Mileage Rates in 2009
2009 Standard Mileage rates for the use of a car (includes Pickups, Vans and Panel Trucks):
- 55 cents per mile for business miles driven (decreases to 50 cents per mile in 2010)
- 24.0 cents per mile driven for medical or moving purposes (decreases to 16.5 in 2010)
- 14 cents per mile driven in service of charitable organizations (same in 2010)
Runzheimer International conducts an annual study of fixed and variable expenses to operate a vehicle. Please note the Business Mileage Deduction may not be used if a vehicle has been depreciated using MACRS or depreciated using §179.