Standard Mileage Rate in 2005

I think everybody knows and I don’t need to mention about standard mileage rate in 2005. But just in case, I mention about it.

In 2005, there are two separate rates depends on the date of travel.

1.January 1, 2005 ~ August 31, 2005
Business miles - 40.5¢ per mile
Charitable miles - 14¢ per mile
Medical miles - 15¢ per mile
Moving miles - 15¢ per mile

2.September 1, 2005 ~ December 31,2005
Business miles - 48.5¢ per mile
Charitable miles - 14¢ per mile
Medical miles - 22¢ per mile
Moving miles - 22¢ per mile

If you have Unreimbursed Employee Business Expenses (Form2106 or 2106EZ), use your own car for medical transportation (Schedule A-Itemized Deductions Medical and Dental Expenses) & for volunteer services to charitable organizations (Schedule A-Itemized Deductions Gifts to Charity), and move from the old to new home by car*(Form 3903) in 2005, please use these mileage rates.

* The taxpayer must meet 2 requirements: the distance requirement and the work time requirement.