By
Laura Adams, MBA
January 5, 2011
1-minute read
Quick Tip: Tax Deductions for Vehicle Use
If you use a vehicle for certain purposes, remember that it might entitle you to a money-saving tax deduction. Beginning on January 1st, the standard mileage rates will be:
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$0.51 per mile for business use (see IRS Publication 463)
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$0.19 per mile for moving or medical use (see IRS Publication 521 and IRS Publication 502)
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$0.14 per mile for service to charitable organizations (see IRS Publication 526)
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