The Internal Revenue Service (IRS) has set the standard business-
mileage deduction at 55 cents for 2009. This is below the 58.5 cents
allowed during the second half of 2008, but above the 50.5 cents
permitted during the first half. Widely fluctuating gasoline prices
triggered two different rates for 2008.


The mileage calculation reflects the cost of fuel along with other
vehicle fixed and variable operating expenses, such as depreciation,
insurance, tires, etc. Businesses and individuals who use their car
for business have the option of using the standard rate in lieu of
keeping records of their actual expenses.


The 2009 standard rate of 55 cents per mile applies to the use of
automobiles (including vans, pickups and panel trucks) for business
purposes.

Fore more information visit: http://www.johnjanicekcpa.com