Latest From the Blog
IRS increases mileage rate for remainder of 2022
The Internal Revenue Service just announced that they are increasing the mileage rate for the remainder of the year starting July 1st. Please see the changes in the below table and update your records accordingly.
Tax Tip of the Week | No. 389 | IRS Lowers Mileage Rates for 2017
The Internal Revenue Service has issued the 2017 optional standard mileage rates.
Tax Tip of the Week | No. 286 | IRS Revises Standard Mileage Rates for 2015
The IRS has increased the standard mileage rate for business purposes, but lowered the rate for medical or moving purposes.
Tax Tip of the Week | No. 239 | Mileage Rates for 2014
The Internal Revenue Service releases deductible mileage rates each year. In case you haven’t heard, the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes:
Not Much Changed From 2011 | Tax Tip of the Week | No. 129
The 2012 optional standard mileage rate used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes is:- 55.5 cents per mile for business purposes- 23 cents per mile for medical or moving purposes- 14 cents per mile driven in service of charitable organizations
IRS Increases Mileage Rate | Tax Tip of the Week | No. 99
Effective July 1, 2011, the IRS has made two significant tax law changes. The first is an increase in the mileage rate. The second is a reduction in the Federal Unemployment rate (FUTA).