Mileage Rates— IRS
As of January 1, 2012, the Internal Revenue Service announced the following 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes:
- 55.5 cents per mile for business miles driven
- 23 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
"IRS Announces 2012 Standard Mileage Rates, Most Rates Are the Same as in July." Internal Revenue Service. http://www.irs.gov/newsroom/article/0,,id=250882,00.html (accessed March 29, 2012).