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The Internal Revenue Service adjusted the standard mileage rate for the cost of operating your car for business, charitable activity or medical need in 2005 and again for 2006. Here are the types of mileage and the allowable deduction according to the date the mileage was incurred:
%% JAN. 1-AUG. 31, 2005 SEPT. 1-DEC. 31, 2005 JAN. 1, 2006 %%
%% Business 40.5(cents) Business 48.5(cents) Business 44.5(cents)
Moving 15(cents) Moving 22(cents) Moving 18(cents)
Medical 15(cents) Medical 22(cents) Medical 18(cents)
%%
