Standard Mileage Rates for 2003 & 2004

In Rev. Proc. 97-58, the Internal Revenue Service has announced the standard mileage rates for tax year 2004. A comparison of 1998 through 2004 follows:

 
1998
1999
2000
2001
2002
2003
2004
Business use of car
(limitations apply)
32.5
cents
31.0
cents
32.5
cents
34.5
cents
36.5
cents
36.0
cents
37.5
cents
Charity work
14.0
cents
14.0
cents
14.0
cents
14.0
cents
14.0
cents
14.0
cents
14.0
cents
Medical mileage or
in a Deductible Move
10.0
cents
10.0
cents
10.0
cents
12.0
cents
13.0
cents
12.0
cents
14.0
cents

 

 



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