Tuesday, January 25, 2011

IRS Standard Auto Mileage Rates

The IRS cents-per-mile rates to be used only if taxpayer owns/leases a passenger auto, van, suv,  pickup or panel truck not for hire (e.g., as a taxi) that was not depreciated in earlier years are as follows: Jan 1 Thru June 30, 2011 Rates Business 51c/mile, Medical 19c/mile, Charity 14c/mile; July 1 Thru Dec 31, 2011 Rates - Business 55.5c/mile, Medical 23.5c/mile and Charity 14c/mile.

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