The IRS recently announced mileage rates to be used for travel in 2013. The Business, Medical, and Moving mileage rates increase one cent versus 2012. Unfortunately, the rate to be used for Charitable travel is unchanged because updates in this area require Congressional action. Remember to create and keep a detailed log of your applicable mileage for your qualified business, medical, moving and charitable driving. Without this documentation, your qualified deduction could be disallowed.
2013 New Mileage Rates
Standard Mileage Rates
|
Mileage |
2013 Rate/Mile
|
|
|
Business Travel |
56.5¢
|
Medical/Moving |
24.0¢
|
Charitable Work |
14.0¢
|
|
|
|
Here are 2012 rates for your reference as well.
2012 Mileage Rates
Standard Mileage Rates
|
Mileage |
2012 Rate/Mile
|
|
|
Business Travel |
55.5¢
|
Medical/Moving |
23.0¢
|
Charitable Work |
14.0¢
|
|
|
|