Tax Changes for 2006 (Pt 5)

March 10, 2007 · 0 comments

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.

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{ 1 comment… read it below or add one }

1 R Wayne phillips March 10, 2007 at 9:24 am

This is one of the most valuable hints offered this year. Never knew it was this complicated. Thanks TaxGirl.
DAD

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