Leave a comment

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


Go back to our website

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s