Tax Topic

Mileage Rates for the IRS

The standard mileage rates for 2011 changed effective July 1, 2011.

For January 1 through June 30, 2011:

• 51 cents per mile for business miles driven (22 cents is the depreciation portion of the 51 cents)
• 19 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations


Effective July 1, 2011:

• 55.5 cents per mile for business miles driven (xx cents is the depreciation portion of the 55.5 cents)
• 23.5 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations


Effective January 1, 2012:

• 55.5 cents per mile for business miles driven (xx cents is the depreciation portion of the 55.5 cents)
• 23 cents per mile driven for medical or moving purposes
• 14 cents per mile driven in service of charitable organizations

Commuting miles are not deductible.

Here is a link to the IRS website for full details on the 2011 mileage rates, but it does not yet show the July 1, 2011 change: http://www.irs.gov/newsroom/article/0,,id=250882,00.html


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