The Internal Revenue Service has provided the following guidance for 2010 regarding standard mileage for various expenditures.
These new rates are lower than the allowance given in 2009!!
Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 50 cents per mile for business miles driven
- 16.5 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
Click here to download the new 2010 W-4 that should be filled out by all employees. If a new W-4 is not filed out in 2010, then all EMPLOYERS are to begin withholding as if the employee were single claiming no withholding allowance until the employee submits a new W-4.
