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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.





