Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

IRS Sets Mileage Deduction Rate

December 5, 2005

The Internal Revenue Service last week set the deductible rate that workers can claim next year for using personal vehicles for business at 44.5 cents a mile.That's less than the temporary 48.5-cents-per-mile that the IRS put in place for the last four months of 2005. This year's base rate was 40.5 cents a mile.The rate next year for figuring deductible medical or moving expenses will be 18 cents a mile.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Saab, or Svenska Aeroplan Aktiebolaget (Swedish Aircraft Company), was founded in 1937 as an aircraft manufacturer and revealed its first prototype passenger car 10 years later after the formation of the Saab Car Division.

Read more

Up Next

More From The World's Largest Fleet Publisher