2012 Standard Mileage Rates

Posted on Wednesday, December 28, 2011

The IRS has released the standard mileage rates for 2012. Beginning on January 1, 2012 mileage rates are as follows:

55.5 cents per mile for business

23 cents per mile for medical or moving purposes

14 cents per mile for charitable purposes

The mileage rate for business and charitable purposes was not changed from the last update that took place on July 1, 2011. The medical and moving rate decreased .5 cents.

Posted by: Carrie Minnich

Posted in Mission Minded

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