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(703) 538-2222 Vienna, Virginia

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Major Tax Changes for Year 2009

Mileage Rate for Use of Your Car

Business: Under the standard mileage method, the taxpayer determines the amount of the allowable deduction by multiplying all of the business miles driven during the year by the standard mileage rate. The standard mileage rate method may be utilized by self-employed individuals or employees who own or lease a car and operate up to four cars at a time for business purposes.

Purpose

2009

7/1/08 - 12/31/08

1/1/08 - 6/30/08

2007

Business *

55 cents/mi.

58.5 cents/mi.

50.5 cents/mi.

48.5 cents/mi.

Charitable *

14 cents/mi.

14 cents/mi.

14 cents/mi.

14 cents/mi.

Medical *

24 cents/mi.

27 cents/mi.

19 cents/mi.

20 cents/mi.

Moving *

24 cents/mi.

27 cents/mi.

19 cents/mi.

20 cents/mi.

* Non-Hurricane Katrina Disaster rates

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