Effective July 1, 2011, the IRS has raised the standard mileage rate for business use of an automobile from 51 cents per mile to 55½ per mile, (Announcement 2011-40). The medical and moving standard mileage rate was also increased from 19 to 23½ per mile. The standard mileage rate for services to charitable organizations remains unchanged (14 cents per mile). This is a good time to make sure you are keeping mileage records up to date. For our clients who claim mileage, come tax time next year we will be asking you to break down the mileage before and after
Continue Reading…
Latest Resource Posts:
New IRS Mileage Rates
Search By Category...


