IRS Standard Mileage Rates for 2011
December 31, 2010
The IRS has published their new standard mileage rates for 2011. Thankfully, they have increased from last year, with the exception of the charitable mileage rate, which stayed the same. The IRS has combined the Medical and Relocation rate.
Business Mileage Rate * – $0.51/mile
Medical or Relocation Mileage Rate – $0.19/mile
Charitable Mileage Rate – $0.14/mile
Happy Driving!
* Can be used only if taxpayer owns/leases a passenger auto, van, pickup, or panel truck not for hire (e.g, as a taxi) that was not depreciated under ACRS, MACRS or Sec. 179 in earlier years.
