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.
