(301) 649-1600 Silver Spring, Maryland

(202) 669-2393 Vienna, Virginia

"Rational Solutions for Challenging Issues"

Major Tax Changes for Year 2011

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

1/1/11 to 6/30/11

7/1/11 to 12/31/11

2010

2009

Business

51 cents/mi.

55.5 cents/mi.

50 cents/mi.

55 cents/mi.

Charitable

14 cents/mi.

14 cents/mi.

14 cents/mi.

14 cents/mi.

Medical

19 cents/mi.

23.5 cents/mi.

16.5 cents/mi.

24 cents/mi.

Moving

19 cents/mi.

23.5 cents/mi.

16.5 cents/mi.

24 cents/mi.

 

 

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