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December 2011 – Standard Mileage Rates for 2012

Standard Mileage Rates for 2012

The IRS has released the standard mileage rates for use in 2012.  The rate for business use of an automobile remains at 55 ½ cents per mile.  For medical or moving expenses the rate is 23 cents per mile (a half cent decrease form the second half of 2011).  The rate for services to charitable organization remains at 14 cents per mile.