This page was last updated: January 24, 2012
Don't Forget New
Mileage Rates for 2011
The IRS has issued new mileage rates for the 2011 tax year.
Jan. 2011- June 2011 the following rates will apply.
• 51 cents per mile for business miles driven • 19 cents per mile driven for medical or moving purposes • 14 cents per mile driven in service of charitable organizations
From July 2011- December 2011
• 55.5 cents per mile for business miles driven • 23.5 cents per mile driven for medical or moving purposes • 14 cents per mile driven in service of charitable organizations
*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 purposes.
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