Business standard mileage rate for 2009

IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will be 55 cents per mile for business travel from Jan 1, 2009 to Dec. 31, 2009 to better reflect the real cost of operating an auto with changing gas prices. This rate can also be used by employers to reimburse tax-free under an accountable plan employees who supply their own autos for business use. The rate for using a car to get medical care or in connection with a move that qualifies for the moving expense will be 24 cents. 14 cents will be the rate for charitable uses.
If you have any questions concerning the standard mileage rate, please contact our office.
Sponsored for you by:
David E. Gardner, CPA
113 E. Wilson
P.O. Box 629
Broadus, MT 59317
Phone: 1-406-436-2583
Toll-Free: 1-888-775-0128
Fax: 1-406-436-2922