Topic: Standard Mileage Allowance
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Answers to Common Questions
What is the Standard Mileage Rate?
It changes every year and is probably going to change again in January, 2010 but, the rates for 2009 are: 55 cents for each business mile driven; 24 cents per mile for each medical or moving purposes and 14 cents per mile for charities. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_the_standard_mile...
What is the IRS Mileage Allowance?
The IRS mileage allowance can be an enormous money saver when it comes time for taxes. This is something that can be used to get a deductible on the money you spent on gas going to work. Read More »
Source: http://answers.ask.com/Society/Other/what_is_the_irs_mileage_allo...
How to Qualify for a Standard Mileage Deduction
Sometimes driving yourself to and from work isn't the only driving you do during your workday. If you drive in the course of your job, the Internal Revenue Service allows you to keep track of the mileage your rack up and use that total as a... Read More »
Source: http://www.ehow.com/how_5703534_qualify-standard-mileage-deductio...
More Common Questions
Answers to Other Common Questions
The Internal Revenue Service allows a taxpayer to deduct either the standard mileage rate for the business, medical, moving or charitable use of a vehicle during the year or for the actual cost of driving a car for those purposes. The abili...
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Source: http://www.ehow.com/how_6383536_calculate-standard-mileage-deduct...
U.S. taxpayers may claim a mileage deduction for certain types of travel. Due to continual changes in the cost of living, fluctuations in gasoline prices, and the perennial revisions in the tax code, the standard mileage deduction rates var...
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Source: http://www.ehow.com/about_7513846_mileage-allowed-tax-deduction.h...
Many people use their personal vehicles as part of their work, thereby incurring expenses which can be significant. The IRS allows taxpayers to take a standard mileage deduction for qualified business miles driven. You also might be able to...
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Source: http://www.ehow.com/how_6154358_deduct-gas-reimbursement-standard...
Currently the Federal Government authorizes 55.5 cents a mile, which unless limited by state law could be justified by the executor.
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Source: http://wiki.answers.com/Q/What_is_mileage_allowance_for_the_execu...
Standard hours allowed is the total number of hours it should take your business to produce a fixed number of units. This figure is derived from your labor routing -- the average amount of time it takes to make the product your business is ...
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Source: http://www.ehow.com/how_12134993_calculate-budget-standard-hours-...
40p per mile for the first 10,000 miles here in the UK and then 25p per mile thereafter.
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Source: http://wiki.answers.com/Q/What_is_the_industry_standard_for_paid_...
It's currently 48.5 cents per mile. It is changing to 50.5 cents per mile on January 1, 2008. Source(s): http://www.irs.gov/newsroom/article/0,,i… (for 2008 rate) and http://www.irs.gov/newsroom/article/0,,i… (for 2007 rate)
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Source: http://answers.yahoo.com/question/index?qid=20071220134431AAYy7gn
