Posts Tagged ‘milage rates’

Tax Relief News: IRS Announces New Mileage Rates for 2011

Tuesday, July 5th, 2011

The IRS announced its new standards for mileage rates for the second half of the 2011 year. Starting July 1 the new rates will take effect.  The Wall Street Journal reports that after the first “the rate for business miles increases to 55.5 cents from 51 cents and to 23.5 cents from 19 cents per mile for medical and moving expenses. The per-mile deduction for charitable expenses remains unchanged, at
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