Thursday, June 23, 2011

Business Auto Mileage Rate Increase

The IRS has announced the following increases in the stanadard mileage rates beginning July 1, 2011:

Mileage Rate Changes
PurposeRates 1/1 through 6/30/11   Rates 7/1 through 12/31/11 
  Medical/Moving    1923.5

The information is from IRS Announcement 2011-40.

1 comment:

Mike M. said...

People often forget to include medical miles and/or charitable miles for deductions on their tax returns even when they have significant other Schedule A deductions. -Mike M.