Smith & Hinckley, P.C.

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Mileage allowance for 2008, 2009 and 2010

  The IRS released the 2010 mileage allowances in Rev Proc 2009-54.  As you can see, the allowance has been reduced for 2010 due to the decline in fuel prices. 

  The following table summarizes the mileage allowances for 2008,2009 and 2010. 

Jan- Jun 2008 Jul-Dec 2008 2009

2010

Business Rate 50.50 58.5 55.0 50.0
Charitable  14.0 14.0 14.0 14.0
Medical and Moving 19.0 27.0 24.0 16.5