The Internal Revenue Service has issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2011, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 51 cents per mile for business miles driven (includes a 22 cent per mile allocation for depreciation);
- 19 cents per mile driven for medical or moving purposes;…
- 21 Jan, 2011
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