In 2009, the mileage for the use of a car was 55 cents if it was used for business, 24 cents if used for medical or relocation purposes and 14 cents when used for charitable services. In 2010, the rate will decrease to 50 cents, 15.5 cents and 14 cents respectively. With expected increase in gas prices for 2011, it is likely that the mileage allowance will rise again in 2011.
This is the mileage rate to use for personal vehicles used to carry out the commercial trucking business. Track those miles every day. Any truck expenses, particularly service or parts related, should also be tracked. For those costs you will report the actual expenses on your tax return.
