Vision Payroll

November 21, 2012

Tip of the Week: IRS Increases Standard Mileage Rate to 56.5 Cents per Mile for 2013

IRS Increases Standard Mileage Rate to 56.5 Cents per Mile for 2013
IRS Increases Standard Mileage Rate to 56.5 Cents per Mile for 2013
The standard mileage rates for the use of automobiles beginning January 1, 2013 will be 56.5 cents per mile for business miles driven and 24 cents per mile driven for medical or moving purposes the Internal Revenue Service announced in Notice 2012-72 and News Release IR-2012-95.

Both Rates Are Higher than 2012 Rates

The new rates are changed from 55.5 cents per mile for business travel and 23 cents per mile for moving and medical travel for 2012.

Charitable Rate Remains Unchanged

The rate for miles driven in service of charitable organizations remains the same at 14 cents per mile.

Contact Vision Payroll for More Information on 2013 Mileage Rates

Contact Vision Payroll if you have any questions on 2013 mileage rates or visit our Important Facts and Figures page for further information.

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