The IRS has issued Revenue Procedure 2008-72 announcing the 2009 standard mileage rates. The optional standard mileage rate for business miles will be 55 cents per mile beginning January 1, 2009. The depreciation component of the standard mileage rate is 21 cents per mile.
The standard mileage rate for medical and moving will be 24 cents per mile. The standard mileage rate for charitable purposes will remain at 14 cents per mile.
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