- 2010 Business Mileage Rate = $0.50 per mile (this rate is lower than last year to due to decreased fuel and transportation costs; the breakdown is as follows - fuel, maintenance, insurance, and tags = $0.27 per mile + depreciation = $0.23 per mile)
- 2010 Medical/Moving Mileage Rate = $0.165 per mile
- 2010 Charitable Mileage Rate = $0.14 per mile
Any claim for these deductions should be substantiated by a log book noting date, departure/arrival destinations, parties on trip, and purpose for trip. These per mile allowance rates are deductible in lieu of having to use the specific accounting method. Contact your tax advisor for more specific details.
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