Mileage Rates

Kitchenmaster & Company, Certified Public Accountants

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Mileage Rates for 2007

The standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving purposes are:

  2007

  2006
bulletBusiness Miles

48.5 cents

per mile

44.5 cents

per mile
bulletMedical Miles

20 cents

per mile

18 cents

per mile
bulletMoving Miles

20 cents

per mile

18 cents

per mile
bulletCharitable Miles

14 cents

per mile

14 cents*

per mile
*Katrina relief provisions effective through December 31, 2006:
bulletThe mileage rate for deductions claimed by individuals for use of vehicles for charitable purposes is raised from the current 14 cents/mile to 70 percent of the business rate, if the vehicles were used to provide relief related to Hurricane Katrina. 
bulletIf the individual is a volunteer and is reimbursed for the use of the personal vehicle, the individual does not have to pay income tax on the reimbursement, provided that reimbursement does not exceed the current business mileage rate.
 

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ŠKitchenmaster & Company, 2001-2007

Kitchenmaster & Company, Certified Public Accountants
A professional corporation with accounting, tax, payroll, financial planning, consulting and financial services.
Telephone: 507-625-4910 or 800-506-5270     Fax: 507-625-5673
Dimension Center, 1818 Commerce Drive, North Mankato, Minnesota, 56003
Additional Information:  cpa@kitchenmaster.com
Send mail to cpa@kitchenmaster.com with questions or comments about this web site.
Last modified: September 06, 2007