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Tag: Business standard mileage rate

IRS Increases Mileage Rate to 55.5 Cents per Mile – Rates 7/1 through 12/31/11

The Internal Revenue Service announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other

2011 Standard Mileage Rates – Rates 1/1 through 6/30/11

Internal Revenue Service issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2011, the standard mileage rates for the use of