what is irs mileage rate for 2009

Submitted by vinny on Thu, 10/15/2009 - 20:31.
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what is irs mileage rate for 2009? IRS has issued the standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. IRS standard mileage rates for 2009 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
You must note that you may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle.
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