2010 Mileage rates are released by IRS

The internal Revenue Service has released the standard mileage rates for deducting automobile  expenses in 2010. For business use, the rate will be 50 cents per mile, down from 55 cents in 2009. For medical or moving purposes, the rate will be 16.5 cents per mile, down from 24 cents per mile in 2009.   Please comment as to how this could impact you for your 2010 taxes.

Tags: Automobile, Business, Internal Revenue Service, Tax