Next  |  Previous  |  Search  |  Home  |  Tax Guide Contents  |

Tax Tools
Mileage Deductions


See our newest planning guide, with tips and strategies for 1998!

E. 1996 Standard Deductions for Miles Driven
Type of Mileage Deduction Rate Per Mile
Business Standard Mileage Rate -- optional rate for employees or self-employed individuals in computing deductible costs of operating passenger automobiles (including vans, pickups, or panel trucks) owned by them for business purposes.



30 cents

Charitable Standard Mileage Rate -- rate for computing the charitable deduction for use of a passenger automobile in connection with rendering free services to a charitable organization.

12 cents

Medical Standard Mileage Rate -- for computing the deduc-tion for use of a passenger automobile to obtain medical care. Deduction is subject to 7.5% of income limitation.

9 cents

Moving Standard Mileage Rate -- for computing the deduc-tion for use of a passenger automobile as part of a move to a new principal place of work for which expenses are otherwise deductible.

9 cents

Tax Tools menu -->

Back to the Top  |  Next  |  Previous  |  Tax Guide Contents  |

|  Home   |   Personal Finance Advisor  |  Tax News & Views  |  Growth Company Services  |
|  Contact us!  |  Guest Registry   |   Site Search  |

Copyright © 1997 . All rights reserved. Copyright and Legal Information.
For feedback or suggestions contact the
webmaster@dtonline.com.