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Abstract

The IRS has released the 2009 optional standard mileage rates to be used by employees, self-employed individuals and other taxpayers to compute deductible costs of operating an automobile for business, medical, moving and charitable purposes. The standard mileage rate for business mileage will be 55 cents per mile. For 2009, the standard auto cost used to compute the FAVR allowance cannot exceed $27,200.

Details

Title
Standard Mileage Rates for 2009
Author
Anonymous
Pages
7-8
Publication year
2009
Publication date
Jan 2009
Publisher
CCH INCORPORATED
ISSN
15205800
Source type
Trade Journal
Language of publication
English
ProQuest document ID
229312112
Copyright
Copyright CCH INCORPORATED Jan 2009