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2010 Standard Mileage Rate (Business Taxes Alert)

By December 30, 2009January 30th, 20142009, Tax Tips

The 2010 standard mileage rate will be a lot lower for business driving… 50¢ per mile, down 5¢ from 2009.
The main reason is lower fuel costs. Any reimbursements to workers over 50¢ per mile for 2010 driving will be taxed as income and hit with payroll taxes. … please contact us with any questions.

Accounting & Tax Solutions

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