December 21, 2009
Rev. Proc. 2009-54
Section 1. Purpose
This revenue procedure updated Rev. Proc. 2008-72, 2008-50 I.R.B. 1286, and provides optional standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. This revene procedure also provides rules under which the amount of ordinary and necessary expenses of local travel or transportation away from home that are paid or incurred by an employee are deemed substantiated under 1.274-5 of the Income Tax Regulations if a payor (an employer, it's agent or a third party) provides a mileage allowance under a reimbursement or other expense allowance arrangement. The substantiation methods described in this revenue procedure are not mandatory. A taxpayer may use actual allowable expense amounts to substantiate expenses if the taxpayer maintaines adequate records or other sufficient evidence. The Internal Revenue Service prospectively adjustes the business and medical and moving standard mileage rates annually (to the extent warranted).
SECTION 2. SUMMARY OF STANDARD MILEAGE RATES
.01 Standard Mileage Rates
(1) Business 50 cents per mile
(2) Charitable contribution 14 cents per mile
(3) Medical and moving 16.5 cents per mile
