The IRS has announced that the optional mileage rates used to calculate the deductible expense of operating an automobile for business, charitable, medical or moving purposes will increase by 1 cent in 2013.
Effective January 1, 2013, the following rates will apply:
– 56.5 cents per mile for business miles driven For more information, please consult the IRS website
– 24 cents per mile driven for medical or moving purposes
– 14 cents per mile driven in service of charitable organizations
For more information, please consult the IRS website