Saturday, 24 November 2012

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.

No comments:

Post a Comment