FAM No. 2005-20 (Internal Revenue Service Mileage Rates for 2006)
)
December 9, 2005
FINANCIAL ADMINISTRATION MEMORANDUM NO. 2005-20 (II.G.1.)
To: Director, Office of Acquisition and Property Management
Bureau Assistant Directors, Administration
Director, National Business Center
Bureau Finance Officers
Finance Officer, National Business Center
From: Michael Anthony /s/
Focus Leader, Asset and Debt Management, Acting
Office of Financial Management
Subject: Internal Revenue Service Mileage Rates for 2006
The purpose of this Financial Administration Memorandum (FAM) is to transmit
information regarding the mileage rates applicable to travel expenses in CY
2006. Internal Revenue Service Revenue Procedure 2005-78
(http://www.irs.gov/pub/irs-drop/rp-05-78.pdf) revised the rates allowed to
determine the deductibility of certain automobile expenses. The following amounts
are allowed as a standard deduction for CY 2006:
- Business use of a private automobile – 44.5 cents per mile (down from 48.5
cents a mile from September 1-December 31, 2005),
- Use of an automobile as a charitable contribution - 14 cents per mile (no
change),
- Use of an automobile as a medical or moving expense - 18 cents per mile (down
from 22 cents a mile from September 1-December 31, 2005).
The GSA mileage rates have not been released. In order to inform DOI employees
of the IRS mileage rate changes in a timely fashion, this document is
distributed prior to the GSA rates.
Attachment (http://www.irs.gov/pub/irs-drop/rp-05-78.pdf)
Prior Financial Administration Memorandum on this Subject:
No. 2004-014 (II.G.1.), December 27, 2004 - Inactive on 08/31/05
No. 2005-011 (II.G.1), September 15, 2005 - Inactive on 12/31/05
