Paying estimated taxes this year? Keep the following about standard mileage rates in mind.
According to the IRS, the standard mileage rate for the cost of operating your car is:
- 55 cents a mile for all business miles driven
- 24 cents a mile for the use of your car for medical reasons
- 24 cents a mile for the use of your car for a deductable move
- 14 cents a mile for the use of your car for charitable reasons
