2013 Standard Mileage Rate Increase
- January 3, 2013
written by Melinda Thurman The Internal Revenue Service has released the standard mileage rates for the year 2013. The standard mileage...
IRS Increases Business Mileage Rate
- June 27, 2011
By Shelly Toft, CPA, Manager Due to the increase in fuel costs, the IRS has increased the optional standard mileage rates...
IRS Cuts Mileage Rate For Business Miles Driven
- January 4, 2010
Low inflation contributed to a five cents drop in the standard business mileage reimbursement rate for 2010. Effective January 1, 2010, the standard business mileage rate will be 50 cents-per-mile, which is a drop from 55- cents-per-mile in 2009. The standard mileage rate for moving costs and medical expenses will also decline in 2010. The only mileage rate remaining the same is the rate for the charitable deduction, which is set by statute.