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2009 Standard Mileage Rates

The IRS has released the 2009 optional standard mileage rates to be used by employees, self-employed individuals and other taxpayers to compute deductible costs of operating an automobile (including vans, pickups and panel trucks) for business, medical, moving and charitable purposes. The standard mileage rates for 2009 are as follows:

Business Mileage Rate - 55 cents per mile

Medical, Moving Mileage Rate - 24 cents per mile

Charitable Mileage Rate - 14 cents per mile

The mileage rates for 2009 reflect generally higher transportation costs but also factor in the recent reversal of rising gasoline prices.

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J.T. Turner, Jr.

President

J.T. Turner Construction Co., Inc.