Mileage Rates

Mileage Rates for 2012 and 2011

The standard mileage rate for business use of an automobile during 2012 is 55.5 cents per mile. For Jan - June 2011 it is 51 cents per mile and July - Dec 2011 it is 55.5 cents per mile.

 

The mileage rate for purposes of computing deductions for medical and moving expenses. For 2012 is 23 cents per mile. In Jan - June 2011 it is 19 cents per mile and July - December it is 23.5 cents per mile. 

 

The mileage rate for charitable remains unchanged at 14 cents per mile for 2011 and 2012.