The IRS has announced new mileage rates effective 7/1/11. Business miles go from 51cents per mile to 55.5 cents per mile and medical and moving miles go from 19 cents per mile to 23.5 per mile. There was no change to the charitable mileage rate - it remains 14 cents per mile.
Be sure to carefully record your mileage so that when it's time to have your taxes prepared you can tell me the number of miles driven between January and June of 2011 and July and December of 2011.
Be sure to carefully record your mileage so that when it's time to have your taxes prepared you can tell me the number of miles driven between January and June of 2011 and July and December of 2011.
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