What are the standard mileage rates set by the IRS?
The IRS has issued the standard mileage rates that taxpayers can use in deducting the cost of driving for business, medical services, and job-related moves. The 2010 rate for business driving is 50 a mile, down from the 2009 rate of 55 a mile. The rate for medical and moving mileage is 16.5 a mile, down from the 2009 rate of 24 a mile. The rate for charitable driving remains at 14 a mile. D.W. Polachek, Northampton accountants have the answers.