Wednesday, January 18, 2012

Standard Mileage Rates

For reporting on your 2011 tax return:

Business mileage: January - June $ 0.51 and for July - December $ 0.555

Charitable Mileage: all of 2011 and for 2012 $ 0.14

Medical Mileage: January - June $ 0.19 and for July - December $ 0.235
Medical Mileage 2012: $ 0.23

All rates are per mile and contemporaneous records are absolutely required without exception!

1 comment:

  1. Hi,
    Thanks for the information, really this is a nice Post , I love it. I hope that more and more Blogger will use this feature in the future, because it just makes the internet better I think !

    Thanks

    Tax help

    ReplyDelete