IRS Mileage Rates for 2012
IRS Updated Mileage Rate - 12/9/11
Rates barely changed from July 1, 2011 amounts.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.
Optional IRS Mileage Rates
|
Purpose |
Rates beginning 1/1/12 |
Rates beginning 7/1/11 |
Rates beginning 1/1/11 |
|
Business |
55.5 |
55.5 |
51 |
|
Medical/Moving |
23 |
23.5 |
19 |
|
Charitable |
14 |
14 |
14 |