Standard Mileage Rate

Description and Definition of Standard Mileage Rate

A fixed rate per mile allowed by the IRS for business, charitable, job-related moving, or medical purposes instead of keeping track of and deducting actual expenses, such as gas, maintenance, and depreciation. In any case, you add the cost of parking and tolls.

Resources

See Also

Further Reading

• Standard Mileage Rate in the West's Tax Law Dictionary
• Standard Mileage Rate in “A Dictionary of Taxation”