Standard Mileage Rate Changes 2011
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2011 Standard Mileage Rate Changes

Jul 3, 2011 Business Expenses, Tax Changes, Tax Strategies


2011 Standard Mileage Rate

2011 Standard Mileage Rate

The Internal Revenue Service (IRS) has increased the optional standard mileage rates for 2011. These optional rates can be used to calculate deductible costs of operating an automobile for either business or other uses instead of reporting actual travel-related costs. Charitable mileage rates remain at the current 14 cents a mile in 2011.  The table below summarizes the increases for this year.

IRS Standard Mileage Rates in 2011
Jan 1 - June 30 July 1 - Dec 31
Business 51 cents 55.5 cents
Medical/Moving 19 cents 23.5 cents
Charitable 14 cents 14 cents

From the IRS Newsroom IR-2011-69, June 23, 2011

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This entry was posted on Sunday, July 3rd, 2011 at 10:43 pm and is filed under Business Expenses, Tax Changes, Tax Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “2011 Standard Mileage Rate Changes”

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