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Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 50 cents per mile for business miles driven
- 16.5 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
Directly from IRS.Gov website.
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What is the Federal mileage allowance for car travel to and from medical appointments What is the Federal allowance for volunteer work?
What is the federal mileage allowance for car travel to work with non-profit organizations? What if I am a for-profit busiiness hired to work for a non-profit? Do they pay the non-profit rate or the business rate? 20
What is the latest federal mileage allowance?
9.00 dollars
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
What was the IRS 2007 Business mileage allowance?
See http://www.irs.gov/newsroom/article/0,,id=163828,00.html Beginning Jan. 1, 2007, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be: * 48.5 cents per mile for business miles driven; * 20 cents per mile driven for medical or moving purposes; and * 14 cents per mile driven in service to a charitable organization.
Do you have to pay tax on car allowance?
if it is strictly considered a reimbursement for using your vehicle for business use then you will not be responsible to pay taxes or even report this as income. If however, it exceeds the cost of using your vehicle for business then you will have to report this as income. For this reason you need to keep a log just like you would for deducting unreimbursed business expenses. This would be necessary in case your return was ever examined by the IRS so that you could show that through mileage or actual expenses you were reimbursed less than you would have been able to deduct if you itemized expenses. Do not take a deduction on form 2106 and receive an allowance.
What is the federal mileage allowance for a contractor?
Mileage allowance
What is the Federal mileage allowance for car travel to and from medical appointments What is the Federal allowance for volunteer work?
What is the federal mileage allowance for car travel to work with non-profit organizations? What if I am a for-profit busiiness hired to work for a non-profit? Do they pay the non-profit rate or the business rate? 20
What is the federal mileage allowance for volunteer work?
The federal mileage allowance for volunteer work if $.14 per mile. All mileage can be claimed when filing your taxes.
Federal mileage allowance for 2009?
.55/mile
What is the latest federal mileage allowance?
9.00 dollars
Mileage allowance for business use of automobile?
varies by company.
What is the current IRS gas mileage allowance?
.55 per mile
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?
Did the federal mileage allowance increase since the beginning of 2008?
Yes, it has gone up to $0.585/mile for any miles driven after 7/01/2008. The first half of 2008, January-June, mileage allowance was $0.505/ mile.
Is there a mileage allowance on Budget car rentals?
Budget rental cars can be rented without a mileage allowance for extra rental fees, though the default for a rental vehicle is to come with a mileage allowance.
When will the 2008 federal mileage allowance be increased to compensate for the rise in gas prices?
On 6/23/08, the IRS increased mileage reimbursement for privately owned automobiles to 58.5 cents.
What is the government allowance for mileage?
2011 mileage allowances are: .51 cents for business miles driven. .19 cents for medical or moving expenses. .14 cents for charitable work.
