New rates for 2006

[Gene V]

IRS Announces 2006 Standard Mileage Rates
IR-2005-138, Dec. 2, 2005 — The IRS has issued the optional standard mileage rates for 2006.

Beginning Jan. 1, 2006, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be:
· 44.5 cents per mile for business miles driven;
· 18 cents per mile driven for medical or moving purposes; and
· 14 cents per mile driven in service of charitable organizations, other than activities related to Hurricane Katrina relief.

[Brad Imsdahl]

Thanks Gene for the heads up. The info is now on the updates page.

http://www.thetaxbook.com/updates_view.asp?ID=29