IRS Announces New Mileage Rates for 2013

The IRS has announced standard mileage rates for 2013.

Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car will be:

  •  56.5 cents per mile for business miles driven;
  • 24 cents per mile driven for medical or moving purposes;
  • 14 cents per mile driven in service of charitable organizations;

The rate for business miles driven during 2013 increases 1 cent from the 2012 rate.  The medical and moving rate is also up 1 cent per mile from the 2012 rate.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.