The IRS has released the mileage rates for 2012. The rates are the same as they were for the last half of 2011:
- Business mileage rate is 55.5 cents/mile.
- Medical mileage rate is 23 cents/mile
- Moving expense rate is also 23 cents/mile
- Charitable mileage rate is 14 cents/mile*
“This blog post, along with comments that may follow, should not be considered tax advice. Before you make final tax or financial decisions, please secure a professional tax advisor to give you advice about your unique situation. To secure Jason as your accountant, please click on the ‘Services’ link at the top of the page.”