How to Find the Mileage Rate for Tax Returns
Tax returns that are filed each year contain many types of deductions. If you travel for work or use the home office deduction on your tax return, miles driven for work can be deducted on the return. This is done by using the current mileage rate that has been set by the IRS. You can find the mileage rate used for 2009 and 2010 tax returns online at various websites.
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Instructions
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BankRate Website
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Go to the 2009-2010 mileage deduction amounts web page for Bankrate's Tax Guide.
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Scroll to the middle of the page to view a chart for Mileage rate deductions.
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Make a note of the mileage rate that you want to use on your tax return. Mileage rates are available for types of travel that include business, moving, medical and charitable.
IRS Publication 17 -- Introductory Material
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Go to the web page for Publication 17 -- Introductory Material that is provided by the IRS.
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Click the "What's New for 2009" link under the Table of Contents.
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Scroll down until you find the section for Standard mileage rates.
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Make a note of the mileage to use on your tax return.
IRS - Tax Changes for Individuals
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Go to the Tax Changes for Individuals that is on the IRS website.
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Scroll down, towards the bottom, until you find the Standard Mileage Rate.
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Click the link Standard Mileage Rate to view the mileage rates for operating your vehicle for business, medial and moving related mileage as well as charitable-related mileage.
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Make a note of the mileage that you need for your tax return.
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Tips & Warnings
The mileage rate has decreased in 2010 from the rate that was applied in 2009.
The IRS has not yet updated all of their web pages for the 2010 mileage deduction.
References
Resources
- Photo Credit tax forms image by Chad McDermott from Fotolia.com
