Mileage rates. I got to it, okay? Yes, this is #1 question I’ve been asked for the 2006 tax year. Take a deep breath. Here are the rates:
- The standard mileage rate for business use of a car, van, pick-up or panel truck is 44.5 cents per mile.
- The standard mileage rate for the cost of operating a vehicle for medical reasons or as part of a deductible move is 18 cents per mile.
- The standard mileage rate for using a car to provide charitable services solely related to Hurricane Katrina is 32 cents per mile. Otherwise, the rate for providing services to charitable organizations is 14 cents per mile.
Similar Posts:
- C’mon Baby, Drive My Car
- Gas Tops $4/Gallon, IRS Finally Ups Mileage Rate
- Midyear Mileage Rate Changes Offer Relief, Likely to Cause Confusion
- Swift Charity
- So Time Really IS Money…
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This is one of the most valuable hints offered this year. Never knew it was this complicated. Thanks TaxGirl.
DAD