How Much is the IRS Tax Mileage Rate Per Mile?
In the year of 2010, for every mile you drive for your business you can deduct $0.50. This is a five cent drop compared to last year, which is supposedly made for by the lower cost of travel these days. There Are Different Mileage Rates For Different Driving Purposes It’s 16.5 cents per mile for medical or moving purposes (yes, the five is half a cent) and 14 cents per mile for charitable purposes: driving to make a donation or driving for a charitable company. You should always be sure to check the mileage rate every January as it is changed every year. There are also certain conditions regarding the medical, moving and charitable mileage tax deductions that must be present before you can take these tax deductions. A great place to learn more about the mileage tax deduction and others is TurboTax Online. You could also file your tax return there after some simple and easy questions. You can learn more about the IRS tax mileage rate by using the support tab at the web site of TurboTax.
