IRS 2013 Standard Mileage Rates

The IRS has increased the standard mileage rate for business expenses to 56.5 cents per mile from its current rate of 55.5 cents.  The change will be effective January 1, 2013.  The other mileage reimbursement rates will be

- 24 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations

The IRS announcement is here.

IRS Standard Mileage Rates for 2012 - Business Rate Unchanged

The IRS announced its 2012 Standard Mileage Rates here.  Employers rely on this rate when reimbursing the use of personal vehicles.  However, the business rate is unchanged from the mid-2011 adjustment.  From the IRS announcement:

Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

• 55.5 cents per mile for business miles driven
• 23 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations

Happy holidays!

Greg

2011 IRS Mileage Reimbursement Rate Went Up mid-year!

The IRS just increased the standard mileage reimbursement rate.  This is the default rate most companies use to pay employees for using their own cars for business.  The new rate, effective July 1, 2011, is $0.55, which will remain in effect through December 31, 2011.

The IRS's new rate for computing deductible medical or moving expenses will also increase by 4.5 cents to 23.5 cents a mile, up from 19 cents for the first six months of 2011. The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile.



The IRS announcement is here. 

DGV

IRS Standard Mileage for 2011

The IRS raised the standard mileage rate for automobile reimbursement to .... $0.51.  Don't trust me?  The link is here.

• 51 cents per mile for business miles driven
• 19 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organization

DGV

IRS Standard Mileage Rate for 2010 is $0.50

The IRS dropped the standard mileage reimbursement rate to $0.50 from $0.505. So, beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

Those of you who don't believe me and who want an IRS cookie (yum) deposited on their computers may see the announcement here.

DGV

IRS Standard Mileage Rate for 2009: $0.55 Per Mile

The IRS announced the standard mileage rates for 2009. Effective January 1, 2009, the reimbursement rate will be $0.55 for business use of a vehicle, $0.24 for moving and medical expenses, and $0.14 for service to charitable organizations. For the second half of 2008, the reimbursement rate actually was higher, at $0.585.

The IRS's announcement is here.

DGV