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Standard Mileage Rate - IRS Link

The following table summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.

For the three periods beginning August 25, 2005 and ending December 31, 2006, this table also lists the rates for providing donated services to charity for relief related to Hurricane Katrina, and the amount that may be excluded from income by those reimbursed for such use.

Applicable Period
Rates (in cents per mile)
Source
2007
Business
48.5
Charitable
14
Medical and moving
20
2006
Business
44.5
Charitable
(a) General
14
(b) Hurricane Katrina deduction 32
(c) Hurricane Katrina reimbursement 44.5
Medical and moving 18
September 1 - December 31, 2005
Business
48.5
Charitable
(a) General
14
(b) Hurricane Katrina deduction 34
(c) Hurricane Katrina reimbursement 48.5
Medical and moving 22
IR-2005-99
Pub. L. 109-73
August 25 - 31, 2005
Business
40.5
Charitable
(a) General
14
(b) Hurricane Katrina deduction 29
(c) Hurricane Katrina reimbursement 40.5
Medical and moving 15
IR-2004-139
Pub. L. 109-73
January 1 - August 24, 2005
Business
40.5
Charitable
14
Medical and moving
15
2004
Business
37.5
Charitable
14
Medical and moving
14
2003
Business
36.0
Charitable
14
Medical and moving
12
2002
Business
36.5
Charitable
14
Medical and moving
13

Earlier Years

2001: Rev. Proc. 2000-48, 2000-2 C.B. 570
2000: Rev. Proc. 99-38, 1999-2 C.B. 525
1999: Announcement 99-7, 1999-1 C.B. 306
Rev. Proc. 98-63, 1998-2 C.B. 818
1998: Rev. Proc. 97-58, 1997-2 C.B. 587
1997: Rev. Proc. 96-63, 1996-2 C.B. 420





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Barbara H. Fulp & Company, PLLC Certified Public Accountants
422A W. Mountain Street Kernersville, NC 27284
Telephone: 336-993-8129 Fax: 336-996-1674

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