What is the IRS approved mileage rate for business mileage?

The IRS doesn't have an approved rate. They do, however, have a suggested rate - but it is optional. WASHINGTON — The Internal Revenue Service today issued the 2010 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:50 cents per mile for business miles driven 16.5 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations Heres the link - which you might want to read in full, as there is other pertinant information there. irs.gov/newsroom/article/0,,id=216048,00... html.

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