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Standard Mileage Rate Increase for 2013

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
– 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

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