Mileage Deductions 2009

Mileage Deductions 2009 * Mileage Standard Mileage Rates Increase: The IRS is Helping You Out in 2006    Howard Young Effective January 1, 2006, the Internal Revenue Service will increase the standard mileage rates to 44.5 cents per business mile driven. The rate increase is about 10% higher than the 2005 rate of 40.5 cents per mile and reflects higher gasoline costs. In September, the IRS adjusted the 2005 rate upward by 8 cents for the last four months of 2005. This increase was due to a surge in oil and gasoline prices from production losses in the Gulf Coast area. Article to continue below---------------------------------------------- Diesel Fuel Treatment (Aftermarket Business) Prolong Super Lubricants offers its Fast Fuel diesel fuel treatment to improve mileage and performance in diesel engines. ---------------------------------------------------------------------------- The IRS also increased the deductible rates for medical or moving purposes from 15 to 18 cents per mile; however, deductible rates for charitable organizations remain at 14 cents per mile. When you use your automobile for business, the mileage incurred is legitimate business expense The new rates will help offset the cost of higher gas prices. Article to continue below---------------------------------------------- Diesel Fuel Treatment (Aftermarket Business) Prolong Super Lubricants offers its Fast Fuel diesel fuel treatment to improve mileage and performance in diesel engines. --------------------------------------------------------------------------- See also: internal revenue service | gasoline prices | standard mileage rates Content SEO by keywordTRAX (c) 2005 by Howard Young You have permission to publish this article ONLY if it remains unchanged and you include the copyright, author information, and an active link to the author's Website (Resource Box) at the end. Howard Young is a freelance writer and site administrator for QT Auto News.

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