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The 2009 IRS gas mileage rate is 58.5 per mile.
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Can you take the difference off taxes between what the IRS pays for gas mileage and what your company pays?
You can in the UK
What is the breakdown of the current IRS gas mileage allowance?
51 cents per mile It is now 50 cents per mile for 2010 income taxes
Will the IRS increase the gas mileage allowance for the balance of 2008 and current years?
In recognition of increasing gasoline prices, the IRS has announced an increase in the optional standard mileage rates for the second half of 2008. The standard mileage rate for business miles driven from July 1, 2008, through December 31, 2008, will be 58.5 cents per mile, an increase of eight cents over the rate for the first half of the year. The standard mileage rate for medical and moving expenses has been increased to 27 cents per mile from 19 cents per mile. The standard mileage rate for charitable purposes, however, remains unchanged at 14 cents per mile. Rev. Proc. 2007-70, I.R.B. 2007-50, 1162, is modified.Update:IR-2010-119, Dec. 3, 2010Corrected on Dec. 13, 2010, to reflect changes for 2011WASHINGTON - The Internal Revenue Service today issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2011, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:51 cents per mile for business miles driven19 cents per mile driven for medical or moving purposes14 cents per mile driven in service of charitable organizationsThe standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs as determined by the same study. Independent contractor Runzheimer International conducted the study.A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle.In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously. The IRS is requesting public comments on whether taxpayers should be allowed to use the business standard mileage rate in this circumstance.Beginning in 2011, a taxpayer may use the business standard mileage rate for vehicles used for hire, such as taxicabs.Also beginning in 2011, the standard mileage rates are announced in a separate notice, which also provides the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate and the maximum standard automobile cost for automobiles under a FAVR allowance. The IRS plans to discontinue publishing the standard mileage rate revenue procedure annually but will publish modifications as required.Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.Revenue Procedure 2010-51 and Notice 2010-88 contain additional details regarding the standard mileage rates.
Can an employee deduct gas mileage to go to work?
No.
Can you claim mileage for driving to and from the doctor on tax return?
Yes as a part of your unreimbursed medical expense when you are using the schedule A itemized deductions of the 1040 tax form. Unreimbursed medical expenses are deductible using the schedule A itemized deductions of the 1040 tax form subject to the 7.5% of adjusted gross income limit. The amount over the limit is then added to all of your other itemized deductions on the schedule A. Go to the IRS gov website and use the search box for Publication 502 Medical and Dental Expenses Transportation You can include in medical expenses amounts paid for transportation primarily for and essential to, medical care. Car expenses You can include out-of-pocket expenses, such as the cost of gas and oil, when you use a car for medical reasons. You cannot include depreciation, insurance, general repair, or maintenance expenses. If you do not want to use your actual expenses, for 2009 you can use the standard medical mileage rate of 24 cents a mile. You can also include parking fees and tolls. You can add these fees and tolls to your medical expenses whether you use actual expenses or use the standard mileage rate. Example
What is the 2009 federal law current rate for gas mileage reimbursement rate?
What is the 2009 federal law current rate for gas mileage reimbursement rate?
What will the 2009 rate be for gas mileage reimbursement?
0.55 pm
What is the current IRS gas mileage for 2012?
.555 is the current reimbursement rate if you are using your own car.
What is the 2009 rate for gas mileage reimbursement in Arizona?
For 2009, the standard mileage rate for the cost of operating your car for business use is 55 cents per mile.
IRS gas mileage allowance for 2007?
According to the IRS website, http://www.irs.gov/taxpros/article/0,,id=156624,00.html) the standard mileage rate for 2007 was $.485. The amount for July 31 to Dec 31 of this year is $.585!
What is the 2009 rate for gas mileage reimbursement in California?
" = 2009 IRS Standard Mileage Reimbursement Rates Released = November 28, 2008 byCarly Hart Carly Hart* Published Content: 272 * Total Views: 306,265 * Favorited By: 57 CPs Full Profile | Subscribe | Add to FavoritesRecommend (6)Single page Font Size Read comments (8) OH HAIOn November 25, the IRS released the standard mileage reimbursement rates for 2009.Beginning January 1, 2009, the standard mileage reimbursement rate for business travelers will drop from 58.5 cents per mile down to 55 cents per mile. As I reported last summer, the IRS raised the standard mileage reimbursement rate 8 cents to help offset the high cost of gas. The 3.5 cent drop still would leave the rate higher than originally set for 2008.IRS standard mileage reimbursement rate for 2009 for medical and moving expenses also lowerBusiness travelers are not the only ones affected by the drop in the IRS standard mileage reimbursement rate schedule released. According to the IRS site, the mileage reimbursement rate for Americans who seek reimbursement for medical and/or moving related expenses will drop 3 cents from 27 cents for the remainder of 2008 to just 24 cents for 2009. This information is useful for those who are eligible to enroll in a flexible spending account (FSA) as money is deducted pre-tax and set aside for future medical expenses, including mileage for some plans. Knowing this rate allows FSA participants to better determine how much money they should plan to set aside in the coming year. For many companies and the federal government, it is "open season" where employees must select a health insurance and/or dental insurance plan for the coming year. The release of the IRS' standard mileage reimbursement rate for medical expenses is a helpful planning tool for deciding how much to have set aside in a FSA for 2009.Charitable workers still left behind; the 2009 standard mileage reimbursement rate changes do not affect themThose Americans who seek reimbursement for mileage related to charitable works are not affected by the new 2009 IRS standard mileage reimbursement rate schedule. Unfortunately, Congress is responsible for determining the rate of reimbursement for this group. The current mileage reimbursement rate for charity related travel is just 14 cents per mile, far below the reimbursement rate for business travelers."" = 2009 IRS Standard Mileage Reimbursement Rates Released = November 28, 2008 byCarly Hart Carly Hart* Published Content: 272 * Total Views: 306,265 * Favorited By: 57 CPs Full Profile | Subscribe | Add to FavoritesRecommend (6)Single page Font Size Read comments (8) OH HAIOn November 25, the IRS released the standard mileage reimbursement rates for 2009.Beginning January 1, 2009, the standard mileage reimbursement rate for business travelers will drop from 58.5 cents per mile down to 55 cents per mile. As I reported last summer, the IRS raised the standard mileage reimbursement rate 8 cents to help offset the high cost of gas. The 3.5 cent drop still would leave the rate higher than originally set for 2008.IRS standard mileage reimbursement rate for 2009 for medical and moving expenses also lowerBusiness travelers are not the only ones affected by the drop in the IRS standard mileage reimbursement rate schedule released. According to the IRS site, the mileage reimbursement rate for Americans who seek reimbursement for medical and/or moving related expenses will drop 3 cents from 27 cents for the remainder of 2008 to just 24 cents for 2009. This information is useful for those who are eligible to enroll in a flexible spending account (FSA) as money is deducted pre-tax and set aside for future medical expenses, including mileage for some plans. Knowing this rate allows FSA participants to better determine how much money they should plan to set aside in the coming year. For many companies and the federal government, it is "open season" where employees must select a health insurance and/or dental insurance plan for the coming year. The release of the IRS' standard mileage reimbursement rate for medical expenses is a helpful planning tool for deciding how much to have set aside in a FSA for 2009.Charitable workers still left behind; the 2009 standard mileage reimbursement rate changes do not affect themThose Americans who seek reimbursement for mileage related to charitable works are not affected by the new 2009 IRS standard mileage reimbursement rate schedule. Unfortunately, Congress is responsible for determining the rate of reimbursement for this group. The current mileage reimbursement rate for charity related travel is just 14 cents per mile, far below the reimbursement rate for business travelers."
What is the gas reimbursement for mileage in the state of Michigan?
Gas mileage reimbursement depends on the company that you work not, not the state you live in. Not all companies reimburse gas for mileage used so contact a supervisor to find out your companies rate.
What is the gas reimbursement for mileage in the state of Missouri?
Gas mileage reimbursement in any state in the USA changes each year according to the IRS rules. In 2007, the reimbursement rate is 48.5 cents per mile, up from 44.5 cents in 2006.
What is the current IRS gas mileage allowance?
.55 per mile
What is the gas mileage for the 2009 Camaro?
There is no 2009 Camaro. It will be in showrooms in Spring 2009 for the 2010 model year. Gas mileage is unannounced as of yet.
What is the 2009 IRS rate for gas mileage reimbursement?
* 55 cents per mile for business miles driven * 24 cents per mile driven for medical or moving purposes * 14 cents per mile driven in service of charitable organizations
What is the 2012 federal gas mileage reimbursement?
Business mileage rate .55 cents Moving & Medical rate .23 cents Charitable mileage rate .14 cents
