The IRS released Rev. Proc. 2010-51 and announced that beginning January 1, 2011, the following standard mileage rates will apply:
- 51 cents per mile for business miles driven;
- 19 cents per mile driven for medical or moving purposes; and
- 14 cents per mile driven in service of charitable organizations.
These rates apply to the use of cars, vans, pickups, or panel trucks.
California conforms to these amounts. (R&TC §17024.5)
Courtesy of Spidell Publishing – www.caltax.com
