2012 Mileage Rates Announced
Posted 12-12-2011 | Download Article
The Internal Revenue Service just announced the 2012 standard mileage rates. Beginning on
January 1, 2012, the mileage rates used to calculate the deductible costs will be:
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55.5 cents per mile for business purposes
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23 cents per mile for medical or moving purposes
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14 cents per mile for charitable purposes
Please contact John Kammerer, CPA, with any questions at jkammerer@hlbtr.com.